Computer Sciences Corp. (NYSE:CSC) Receives $49.36 Consensus Price Target from Brokerages
Shares of Computer Sciences Corp. (NYSE:CSC) have received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.36.
Several equities analysts have recently issued reports on CSC shares. Citigroup Inc. upped their price target on Computer Sciences Corp. from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Computer Sciences Corp. in a research note on Monday, August 8th. Zacks Investment Research raised Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Monday, July 11th. Morgan Stanley cut their price target on Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price target on shares of Computer Sciences Corp. in a research note on Wednesday, July 27th.
Computer Sciences Corp. (NYSE:CSC) opened at 50.84 on Thursday. Computer Sciences Corp. has a 1-year low of $24.27 and a 1-year high of $53.46. The firm’s 50-day moving average price is $49.02 and its 200 day moving average price is $44.04. The stock has a market cap of $7.14 billion, a PE ratio of 105.04 and a beta of 1.24.
Computer Sciences Corp. (NYSE:CSC) last announced its earnings results on Monday, August 8th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Computer Sciences Corp. had a return on equity of 19.10% and a net margin of 0.77%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that Computer Sciences Corp. will post $2.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were issued a dividend of $0.14 per share. The ex-dividend date was Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. Computer Sciences Corp.’s payout ratio is presently 130.23%.
In related news, Chairman John M. Lawrie sold 6,400 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $47.95, for a total transaction of $306,880.00. Following the completion of the transaction, the chairman now directly owns 398,829 shares in the company, valued at $19,123,850.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Paul N. Saleh sold 65,000 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $50.00, for a total value of $3,250,000.00. Following the transaction, the chief financial officer now owns 151,153 shares of the company’s stock, valued at $7,557,650. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in Computer Sciences Corp. by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock worth $135,000 after buying an additional 104 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Computer Sciences Corp. by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,108 shares of the company’s stock worth $204,000 after buying an additional 307 shares in the last quarter. Laurion Capital Management LP bought a new position in Computer Sciences Corp. during the second quarter worth $204,000. Jane Street Group LLC bought a new position in Computer Sciences Corp. during the second quarter worth $204,000. Finally, Savant Capital LLC bought a new position in Computer Sciences Corp. during the second quarter worth $207,000. Institutional investors and hedge funds own 91.97% of the company’s stock.
Computer Sciences Corp. Company Profile
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.
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