Drexel Hamilton began coverage on shares of CSRA Inc. (NYSE:CSRA) in a research note published on Tuesday. The firm issued a buy rating and a $38.00 price target on the stock.

A number of other equities analysts also recently issued reports on CSRA. Zacks Investment Research upgraded CSRA from a sell rating to a hold rating in a research report on Wednesday, July 27th. Jefferies Group reiterated a buy rating and set a $35.00 price target on shares of CSRA in a research report on Thursday, September 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $34.20.

Analyst Recommendations for CSRA (NYSE:CSRA)

CSRA (NYSE:CSRA) traded up 0.06% during trading on Tuesday, reaching $31.77. The company had a trading volume of 84,384 shares. CSRA has a 52 week low of $20.98 and a 52 week high of $32.60. The company’s 50-day moving average is $27.33 and its 200 day moving average is $25.80. The firm has a market capitalization of $5.19 billion and a price-to-earnings ratio of 47.85.

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

In related news, EVP John Reing sold 12,926 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 33,895 shares of the company’s stock, valued at $902,623.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lawrence B. Prior III purchased 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of $25.54 per share, with a total value of $100,065.72. Following the acquisition, the insider now owns 20,614 shares of the company’s stock, valued at approximately $526,481.56. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Alpha Windward LLC boosted its stake in CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in CSRA during the second quarter valued at approximately $112,000. Northwestern Mutual Investment Management Company LLC boosted its stake in CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock valued at $123,000 after buying an additional 29 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CSRA by 13.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,174 shares of the company’s stock valued at $139,000 after buying an additional 630 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in CSRA by 26.9% in the third quarter. LS Investment Advisors LLC now owns 6,837 shares of the company’s stock valued at $184,000 after buying an additional 1,448 shares in the last quarter. 84.03% of the stock is owned by hedge funds and other institutional investors.

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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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