Zacks Investment Research upgraded shares of CSRA Inc. (NYSE:CSRA) from a hold rating to a buy rating in a report issued on Monday. The brokerage currently has $35.00 target price on the stock.

According to Zacks, “CSRA Inc. offer information technology services. The Company’s operating segments consists of Defense and Intelligence and Civil. Defense and Intelligence segment provides services to the DoD, National Security Agency, branches of the Armed Forces and other DoD agencies. Civil segment provides services to federal agencies within the Department of Homeland Security and other federal civil agencies as well as state and local agencies. CSRA Inc. is based in Falls Church, United States. “

Separately, Jefferies Group reaffirmed a buy rating and issued a $35.00 target price on shares of CSRA in a research report on Thursday, September 15th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $34.20.

Analyst Recommendations for CSRA (NYSE:CSRA)

CSRA (NYSE:CSRA) opened at 31.31 on Monday. CSRA has a one year low of $20.98 and a one year high of $32.79. The stock has a market cap of $5.12 billion and a P/E ratio of 47.15. The company has a 50-day moving average price of $27.20 and a 200-day moving average price of $25.75.

CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, November 9th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The business earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a return on equity of 200.99% and a net margin of 2.43%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, analysts anticipate that CSRA will post $2.03 earnings per share for the current year.

In other CSRA news, insider Lawrence B. Prior III acquired 3,810 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average cost of $26.22 per share, for a total transaction of $99,898.20. Following the completion of the purchase, the insider now owns 26,142 shares of the company’s stock, valued at approximately $685,443.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Reing sold 12,926 shares of CSRA stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total value of $344,219.38. Following the completion of the transaction, the executive vice president now owns 33,895 shares in the company, valued at $902,623.85. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. acquired a new position in CSRA during the second quarter worth approximately $17,972,000. Retirement Systems of Alabama raised its position in CSRA by 1.5% in the second quarter. Retirement Systems of Alabama now owns 69,931 shares of the company’s stock worth $1,638,000 after buying an additional 1,057 shares during the last quarter. Bank of Montreal Can acquired a new position in CSRA during the second quarter worth approximately $13,051,000. Oakbrook Investments LLC raised its position in CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock worth $208,000 after buying an additional 1,150 shares during the last quarter. Finally, IBM Retirement Fund raised its position in CSRA by 18.4% in the second quarter. IBM Retirement Fund now owns 16,515 shares of the company’s stock worth $387,000 after buying an additional 2,564 shares during the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.

CSRA Company Profile

CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.

5 Day Chart for NYSE:CSRA

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