MACQUARIE RESEARCH Downgrades Costa Group Holdings (ASX:CGC)

Fintel reports that on December 21, 2023, MACQUARIE RESEARCH downgraded their outlook for Costa Group Holdings (ASX:CGC) from Outperform to Neutral .

Analyst Price Forecast Suggests 1.65% Upside

As of December 16, 2023, the average one-year price target for Costa Group Holdings is 3.17. The forecasts range from a low of 2.76 to a high of $3.46. The average price target represents an increase of 1.65% from its latest reported closing price of 3.12.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Costa Group Holdings is 1,486MM, an increase of 4.68%. The projected annual non-GAAP EPS is 0.15.

What is the Fund Sentiment?

There are 54 funds or institutions reporting positions in Costa Group Holdings. This is an increase of 3 owner(s) or 5.88% in the last quarter. Average portfolio weight of all funds dedicated to CGC is 0.09%, an increase of 8.01%. Total shares owned by institutions increased in the last three months by 1.70% to 32,619K shares.

What are Other Shareholders Doing?

AU:CGC / Costa Group Holdings Limited Shares Held by Institutions

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 5,899K shares representing 1.27% ownership of the company. In it's prior filing, the firm reported owning 5,821K shares, representing an increase of 1.33%. The firm increased its portfolio allocation in CGC by 29.39% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 3,533K shares representing 0.76% ownership of the company. In it's prior filing, the firm reported owning 3,439K shares, representing an increase of 2.64%. The firm increased its portfolio allocation in CGC by 18.29% over the last quarter.

DISVX - Dfa International Small Cap Value Portfolio - Institutional Class holds 3,465K shares representing 0.75% ownership of the company. No change in the last quarter.

Dfa Investment Trust Co - The Asia Pacific Small Company Series holds 2,779K shares representing 0.60% ownership of the company. No change in the last quarter.

IEFA - iShares Core MSCI EAFE ETF holds 2,445K shares representing 0.53% ownership of the company. In it's prior filing, the firm reported owning 2,432K shares, representing an increase of 0.50%. The firm increased its portfolio allocation in CGC by 30.87% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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