Computer Sciences Corp. (NYSE:CSC) has been assigned a $58.00 target price by stock analysts at Cantor Fitzgerald in a report released on Tuesday. The brokerage currently has a “hold” rating on the stock. Cantor Fitzgerald’s target price points to a potential downside of 4.46% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Barclays PLC restated a “buy” rating and set a $68.00 price objective on shares of Computer Sciences Corp. in a research note on Wednesday, November 16th. BMO Capital Markets restated a “buy” rating on shares of Computer Sciences Corp. in a research note on Friday, November 4th. JPMorgan Chase & Co. restated a “hold” rating and set a $61.00 price objective on shares of Computer Sciences Corp. in a research note on Friday, November 4th. Citigroup Inc. upgraded shares of Computer Sciences Corp. from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Thursday, October 13th. Finally, TheStreet cut shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Computer Sciences Corp. has a consensus rating of “Hold” and a consensus target price of $49.29.

Analyst Recommendations for Computer Sciences Corp. (NYSE:CSC)

Computer Sciences Corp. (NYSE:CSC) traded up 2.15% during midday trading on Tuesday, reaching $62.23. The company had a trading volume of 867,092 shares. Computer Sciences Corp. has a one year low of $24.27 and a one year high of $63.34. The firm’s market capitalization is $8.76 billion. The stock’s 50 day moving average price is $56.86 and its 200-day moving average price is $50.19.

Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. Computer Sciences Corp. had a negative net margin of 1.21% and a positive return on equity of 16.62%. The company earned $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business posted $1.19 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Computer Sciences Corp. will post $2.78 earnings per share for the current year.

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In other Computer Sciences Corp. news, Chairman John M. Lawrie sold 4,190 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $55.50, for a total value of $232,545.00. Following the sale, the chairman now owns 383,329 shares in the company, valued at $21,274,759.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul N. Saleh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $51.93, for a total transaction of $519,300.00. Following the completion of the sale, the chief financial officer now owns 96,153 shares in the company, valued at approximately $4,993,225.29. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Oakbrook Investments LLC raised its stake in shares of Computer Sciences Corp. by 8.8% in the second quarter. Oakbrook Investments LLC now owns 13,602 shares of the company’s stock worth $675,000 after buying an additional 1,100 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Computer Sciences Corp. by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock worth $135,000 after buying an additional 104 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Computer Sciences Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 8,680 shares of the company’s stock worth $431,000 after buying an additional 3,789 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Computer Sciences Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 14,002 shares of the company’s stock worth $695,000 after buying an additional 157 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its stake in shares of Computer Sciences Corp. by 39.1% in the second quarter. Regentatlantic Capital LLC now owns 71,349 shares of the company’s stock worth $3,542,000 after buying an additional 20,051 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Computer Sciences Corp. Company Profile

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.

5 Day Chart for NYSE:CSC

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