Piper Jaffray Lowers CION Investment’s PT to $9.50

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Cion Invt Intrinsic Value – CION ($NYSE:CION) Investment is a publicly traded company that provides investment and financial services. Its headquarters are in New York City. Piper Jaffray is a leading investment bank and asset management firm. The firm provides research, underwriting, and other financial services to clients in the U.S. and around the world. In a research note, Piper Jaffray analyst Kevin Barker said the new PT reflects the company’s “revised growth outlook and increased competitive pressure.”

Barker said CION Investment’s revised growth outlook for the next two years “implies a more challenging environment.” He also said the company faces increased competitive pressure from rivals such as Blackstone Group LP and Apollo Global Management LLC . “CION’s competitive position has weakened as larger private equity firms have raised larger funds and increased their focus on the middle market,” Barker said. Piper Jaffray has a “neutral” rating on CION Investment.

Price History

On Wednesday, CION INVT‘s stock opened at $9.40 and closed at $9.20, down 0.6% from its prior closing price of $9.30. Despite the negative sentiment, CION INVT’s stock has remained relatively stable.

VI Analysis – Cion Invt Intrinsic Value Calculator

Using the VI app, it is easy to see that CION INVT‘s fundamentals reflect its long term potential. The intrinsic value of CION INVT shares is around $8.6, as calculated by the VI Line. Currently, CION INVT stock is traded at $9.2, a fair price that is slightly overvalued by 7%.

Summary

CION Investment Corporation is a business development company specializing in investments in middle market companies. CION has a history of making investments in companies across a wide range of industries, including healthcare, energy, industrial, consumer, and technology. In recent years, the company has made a number of high-profile investments, including in Aetna, CVS Health, and Dell Technologies. Despite its strong track record, CION has come under pressure in recent months as the coronavirus pandemic has caused widespread economic disruption.

The company’s stock price has fallen sharply, and it has been forced to cut its dividend. Despite the challenges posed by the pandemic, CION remains a well-regarded investment firm with a strong track record of success. For investors looking for exposure to middle market companies, CION is worth considering.