Market Overview

UPDATE: Morgan Stanley Lowers PT on CNInsure on Short-term Margin

Share:

In a report published on Tuesday, Morgan Stanley analyst Ben Lin lowered the price target on CNInsure (NASDAQ: CISG) from $8.50 to $8.00, and maintained an Overweight rating.

In the report, Morgan Stanley stated, "Margin decline driven by increasing competition: Gross margin deteriorated 3pts q-q and 11pts y-y to 25.9% (lowest quarter since listing), owing to increasing commission expenses (+39% y-y) as competition from P&C insurers and telesales further intensified in 1Q. Management expects the margin to recover moderately in the following quarters, with 5% revenue growth in 2Q."

CNInsure closed at $6.43 on Monday.

Latest Ratings for CISG

DateFirmActionFromTo
Mar 2016Summit Research PartnersTerminatesBuy
May 2013Morgan StanleyMaintainsOverweight
Mar 2013Morgan StanleyMaintainsOverweight

View More Analyst Ratings for CISG
View the Latest Analyst Ratings

 

Related Articles (CISG)

View Comments and Join the Discussion!

Posted-In: Ben Lin Morgan StanleyAnalyst Color Price Target Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com