Jefferies slashes price target on Crown Castle Inc. [CCI] – find out why.

Crown Castle Inc. [NYSE: CCI] loss -5.17% on the last trading session, reaching $137.48 price per share at the time. The company report on November 14, 2022 that Crown Castle and Boys & Girls Clubs of America Inspire the Next Generation Through a Nearly $2 Million National Partnership to Clean-Up Clubs and Promote STEM.

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Crown Castle will support over 50 Clubs across the country over the next two years through its Connected by Good program.

Connected by Good Clean-Up Days at Boys & Girls Clubs.

Crown Castle Inc. represents 433.00 million in outstanding shares, while the company has a total market value of $59.28 billion with the latest information. CCI stock price has been found in the range of $137.355 to $143.35.

If compared to the average trading volume of 2.44M shares, CCI reached a trading volume of 3712117 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Crown Castle Inc. [CCI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCI shares is $158.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Crown Castle Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 30, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $204 to $183. The new note on the price target was released on June 29, 2022, representing the official price target for Crown Castle Inc. stock. Previously, the target price had yet another raise to $180, while Wells Fargo analysts kept a Underweight rating on CCI stock.

The Average True Range (ATR) for Crown Castle Inc. is set at 3.96, with the Price to Sales ratio for CCI stock in the period of the last 12 months amounting to 8.62. The Price to Book ratio for the last quarter was 7.75, with the Price to Cash per share for the same quarter was set at 0.40.

Trading performance analysis for CCI stock

Crown Castle Inc. [CCI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.89. With this latest performance, CCI shares gained by 1.75% in over the last four-week period, additionally sinking by -14.21% over the last 6 months – not to mention a drop of -29.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCI stock in for the last two-week period is set at 48.26, with the RSI for the last a single of trading hit 45.75, and the three-weeks RSI is set at 48.12 for Crown Castle Inc. [CCI]. The present Moving Average for the last 50 days of trading for this stock 134.57, while it was recorded at 140.44 for the last single week of trading, and 165.71 for the last 200 days.

Crown Castle Inc. [CCI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Crown Castle Inc. [CCI] shares currently have an operating margin of +31.91 and a Gross Margin at +42.98. Crown Castle Inc.’s Net Margin is presently recorded at +16.31.

Return on Equity for this stock inclined to 11.67, with Return on Assets sitting at 2.66.

Crown Castle Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Crown Castle Inc. [CCI]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crown Castle Inc. go to 11.03%.

An analysis of insider ownership at Crown Castle Inc. [CCI]

There are presently around $54,723 million, or 93.10% of CCI stock, in the hands of institutional investors. The top three institutional holders of CCI stocks are: VANGUARD GROUP INC with ownership of 56,942,098, which is approximately 0.628% of the company’s market cap and around 0.43% of the total institutional ownership; BLACKROCK INC., holding 33,676,811 shares of the stock with an approximate value of $4.63 billion in CCI stocks shares; and STATE STREET CORP, currently with $2.82 billion in CCI stock with ownership of nearly -0.538% of the company’s market capitalization.

Positions in Crown Castle Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 627 institutional holders increased their position in Crown Castle Inc. [NYSE:CCI] by around 14,354,324 shares. Additionally, 618 investors decreased positions by around 13,874,506 shares, while 192 investors held positions by with 369,815,690 shares. The mentioned changes placed institutional holdings at 398,044,520 shares, according to the latest SEC report filing. CCI stock had 92 new institutional investments in for a total of 1,682,964 shares, while 131 institutional investors sold positions of 1,020,974 shares during the same period.

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