CA, Inc. (CA) Given Hold Rating at JPMorgan Chase & Co.
Other analysts have also issued reports about the stock. Jefferies Group reiterated a buy rating and issued a $38.00 price target on shares of CA in a research report on Thursday. Zacks Investment Research lowered shares of CA from a buy rating to a hold rating in a research report on Tuesday. Citigroup Inc. increased their price target on shares of CA from $32.00 to $33.00 and gave the company a neutral rating in a research report on Thursday, July 28th. Hovde Group upgraded shares of CA from a market perform rating to an outperform rating and increased their price target for the company from $24.75 to $26.00 in a research report on Saturday, October 8th. Finally, Credit Suisse Group AG reiterated a hold rating and issued a $34.00 price target on shares of CA in a research report on Monday, August 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CA has a consensus rating of Hold and a consensus price target of $33.75.
Shares of CA (NYSE:CA) traded down 0.25% during midday trading on Thursday, reaching $31.48. The company has a market capitalization of $13153.51 billion and a P/E ratio of 16.48. CA has a 12 month low of $25.18 and a 12 month high of $34.99. The company has a 50-day moving average of $32.07 and a 200-day moving average of $32.71.
CA (NYSE:CA) last issued its earnings results on Thursday, October 27th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.05. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1,000 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities 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. Investors of record on Thursday, November 17th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.24%. The ex-dividend date is Tuesday, November 15th.
Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position 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. Macquarie Group Ltd. raised its position in shares of CA by 0.4% in the second quarter. Macquarie Group Ltd. now owns 22,107,439 shares of the company’s stock valued at $725,787,000 after buying an additional 77,866 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CA by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,980,701 shares of the company’s stock valued at $623,137,000 after buying an additional 208,328 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of CA by 7.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,633,850 shares of the company’s stock valued at $285,608,000 after buying an additional 580,138 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of CA by 9.7% in the third quarter. Northern Trust Corp now owns 6,665,483 shares of the company’s stock valued at $220,494,000 after buying an additional 589,147 shares in the last quarter.
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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