CA, Inc. (NYSE:CA) Receives $35.50 Consensus Price Target from Analysts
Shares of CA, Inc. (NYSE:CA) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.50.
Several equities research analysts recently commented on the stock. Credit Suisse Group AG reiterated a “hold” rating and set a $34.00 price target on shares of CA in a research note on Monday, August 29th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Monday, August 1st. Jefferies Group lifted their price target on shares of CA from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. lifted their price target on shares of CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Finally, Barclays PLC lowered shares of CA from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Friday, July 15th.
Shares of CA (NYSE:CA) opened at 33.29 on Monday. The stock’s 50 day moving average is $33.34 and its 200-day moving average is $32.42. The stock has a market capitalization of $13.95 billion and a price-to-earnings ratio of 18.49. CA has a one year low of $25.18 and a one year high of $34.99.
CA (NYSE:CA) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $999 million for the quarter, compared to analyst estimates of $982.21 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. CA’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that CA will post $2.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Thursday, August 25th were given a dividend of $0.255 per share. This is an increase from CA’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, August 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of CA. Pinkerton Retirement Specialists LLC purchased a new stake in shares of CA during the second quarter valued at $117,000. Mizuho Asset Management Co. Ltd. increased its stake in shares of CA by 69.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,208 shares of the company’s stock valued at $138,000 after buying an additional 1,731 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of CA during the third quarter valued at $204,000. Choate Investment Advisors purchased a new stake in shares of CA during the second quarter valued at $223,000. Finally, Argent Trust Co purchased a new stake in shares of CA during the second quarter valued at $224,000.
CA Company Profile
CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.
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