CSRA Inc. (NYSE:CSRA) Given Average Rating of “Buy” by Brokerages
Shares of CSRA Inc. (NYSE:CSRA) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the firm. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $33.63.
Several analysts have recently commented on CSRA shares. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reissued an “outperform” rating and issued a $32.00 price objective on shares of CSRA in a research note on Saturday, June 25th.
In other CSRA news, EVP John Reing sold 12,926 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total transaction of $344,219.38. Following the completion of the transaction, the executive vice president now directly owns 33,895 shares of the company’s stock, valued at $902,623.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John M. Lawrie sold 48,000 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total value of $1,270,560.00. Following the transaction, the director now directly owns 450,113 shares of the company’s stock, valued at $11,914,491.11. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Alpha Windward LLC raised its position in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in CSRA during the second quarter worth approximately $112,000. Northwestern Mutual Investment Management Company LLC raised its position in CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock worth $123,000 after buying an additional 29 shares during the last quarter. Oakbrook Investments LLC raised its position in CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock worth $208,000 after buying an additional 1,150 shares during the last quarter. Finally, Invictus RG raised its position in CSRA by 335.1% in the second quarter. Invictus RG now owns 9,585 shares of the company’s stock worth $225,000 after buying an additional 7,382 shares during the last quarter. 86.89% of the stock is owned by institutional investors and hedge funds.
Shares of CSRA (NYSE:CSRA) opened at 26.90 on Monday. The company has a market capitalization of $4.40 billion and a PE ratio of 51.73. CSRA has a 52 week low of $20.98 and a 52 week high of $33.44. The company’s 50 day moving average is $26.17 and its 200-day moving average is $25.45.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The company earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. CSRA’s revenue was down 4.8% compared to the same quarter last year. On average, analysts expect that CSRA will post $1.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, August 29th.
CSRA Company Profile
CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.
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