CA, Inc. (CA) Given Buy Rating at Jefferies Group
Several other analysts have also commented on CA. Citigroup Inc. increased their price objective on CA from $32.00 to $33.00 and gave the company a neutral rating in a report on Thursday, July 28th. Credit Suisse Group AG reiterated a hold rating and set a $34.00 price objective on shares of CA in a report on Monday, August 29th. Zacks Investment Research upgraded CA from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Wednesday, November 2nd. Finally, Hovde Group upgraded CA from a market perform rating to an outperform rating and increased their price objective for the company from $24.75 to $26.00 in a report on Saturday, October 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CA currently has an average rating of Hold and a consensus target price of $33.75.
Shares of CA (NYSE:CA) traded down 0.25% during mid-day trading on Thursday, hitting $31.48. CA has a one year low of $25.18 and a one year high of $34.99. The company has a market capitalization of $13153.51 billion and a PE ratio of 16.48. The company has a 50-day moving average price of $32.07 and a 200-day moving average price of $32.71.
CA (NYSE:CA) last announced its earnings results on Thursday, October 27th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.05. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1,000 million. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. On average, analysts forecast that CA will post $2.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, November 17th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a yield of 3.24%.
A number of institutional investors have recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of CA during the third quarter worth about $1,463,000. Bank of New York Mellon Corp increased its stake in shares of CA by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 25,992,761 shares of the company’s stock valued at $853,342,000 after buying an additional 2,866,538 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of CA during the second quarter valued at $277,000. Oregon Public Employees Retirement Fund increased its stake in shares of CA by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,654 shares of the company’s stock valued at $2,123,000 after buying an additional 497 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of CA during the second quarter valued at $407,000.
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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