CA, Inc. (CA) Upgraded by Hovde Group to Outperform
Hovde Group upgraded shares of CA, Inc. (NYSE:CA) from a market perform rating to an outperform rating in a research note issued to investors on Saturday morning. The firm currently has $26.00 price target on the stock, up from their previous price target of $24.75.
Several other analysts have also recently weighed in on CA. Jefferies Group lifted their price target on CA from $36.00 to $38.00 and gave the stock a buy rating in a report on Thursday, July 28th. Citigroup Inc. lifted their price target on CA from $32.00 to $33.00 and gave the stock a neutral rating in a report on Thursday, July 28th. Mizuho cut CA from a buy rating to a neutral rating and set a $34.00 price target for the company. in a report on Thursday, July 14th. Credit Suisse Group AG reissued a hold rating and set a $34.00 price target on shares of CA in a report on Monday, August 29th. Finally, Barclays PLC cut 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 report on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CA presently has a consensus rating of Hold and a consensus price target of $34.14.
Shares of CA (NYSE:CA) opened at 32.98 on Friday. CA has a one year low of $25.18 and a one year high of $34.99. The stock’s 50 day moving average price is $33.30 and its 200 day moving average price is $32.44. The company has a market cap of $13.82 billion and a PE ratio of 18.32.
CA (NYSE:CA) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $999 million for the quarter, compared to analyst estimates of $982.21 million. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. Equities analysts predict that CA will post $2.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Thursday, August 25th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This is a boost from CA’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.09%.
Several institutional investors have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC acquired a new position in shares of CA during the second quarter valued at about $117,000. Mizuho Asset Management Co. Ltd. raised its position 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. acquired a new position in shares of CA during the third quarter valued at about $204,000. Choate Investment Advisors acquired a new position in shares of CA during the second quarter valued at about $223,000. Finally, Argent Trust Co acquired a new position in shares of CA during the second quarter valued at about $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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