CA, Inc. (CA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of CA, Inc. (NYSE:CA) have been given an average rating of “Hold” by the seven analysts that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.43.
A number of brokerages recently issued reports on CA. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Monday, August 1st. Jefferies Group boosted their target price on shares of CA from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. boosted their target price on shares of CA from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Barclays PLC lowered shares of CA from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $33.00 to $35.00 in a research note on Friday, July 15th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $34.00 target price on shares of CA in a research note on Monday, August 29th.
Several institutional investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. purchased a new position in shares of CA during the second quarter valued at about $4,529,000. GW Henssler & Associates Ltd. increased its position in shares of CA by 5.9% in the second quarter. GW Henssler & Associates Ltd. now owns 90,447 shares of the company’s stock valued at $2,969,000 after buying an additional 5,073 shares during the period. BP PLC purchased a new position in shares of CA during the second quarter valued at about $1,214,000. Tocqueville Asset Management L.P. increased its position in shares of CA by 9.1% in the second quarter. Tocqueville Asset Management L.P. now owns 7,655 shares of the company’s stock valued at $251,000 after buying an additional 638 shares during the period. Finally, Boston Private Wealth LLC increased its position in shares of CA by 6.8% in the second quarter. Boston Private Wealth LLC now owns 50,689 shares of the company’s stock valued at $1,664,000 after buying an additional 3,240 shares during the period.
CA (NYSE:CA) opened at 31.89 on Monday. CA has a one year low of $25.18 and a one year high of $34.99. The stock has a market cap of $13.32 billion and a P/E ratio of 16.63. The stock has a 50 day moving average of $32.17 and a 200-day moving average of $32.67.
CA (NYSE:CA) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The company earned $1.02 billion during the quarter, compared to the consensus estimate of $1,000 million. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Analysts anticipate that CA will post $2.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, November 15th.
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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