CSRA Inc. (NYSE:CSRA) Stock Rating Reaffirmed by Royal Bank Of Canada
CSRA Inc. (NYSE:CSRA)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a report issued on Sunday, August 6th. They presently have a $38.00 target price on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 20.25% from the company’s current price.
Separately, Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.50.
Shares of CSRA (CSRA) traded down 0.78% during midday trading on Friday, reaching $31.60. The company had a trading volume of 860,002 shares. The company has a market capitalization of $5.17 billion, a PE ratio of 16.46 and a beta of 1.94. The company has a 50 day moving average of $32.52 and a 200 day moving average of $30.59. CSRA has a one year low of $24.48 and a one year high of $33.67.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. CSRA’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Analysts predict that CSRA will post $1.97 EPS for the current fiscal year.
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In other CSRA news, CFO David F. Keffer sold 20,000 shares of CSRA stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction of $601,600.00. Following the sale, the chief financial officer now directly owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence B. Prior III acquired 49,500 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares in the company, valued at approximately $2,326,235. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Stoneridge Investment Partners LLC boosted its stake in CSRA by 6.8% in the first quarter. Stoneridge Investment Partners LLC now owns 183,796 shares of the technology company’s stock valued at $5,383,000 after buying an additional 11,728 shares during the last quarter. Great West Life Assurance Co. Can raised its position in CSRA by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 269,580 shares of the technology company’s stock valued at $7,927,000 after buying an additional 7,947 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in CSRA by 5.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,800 shares of the technology company’s stock valued at $551,000 after buying an additional 1,045 shares during the last quarter. Jennison Associates LLC raised its position in CSRA by 4.4% in the first quarter. Jennison Associates LLC now owns 1,024,205 shares of the technology company’s stock valued at $29,999,000 after buying an additional 43,471 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its position in CSRA by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 150,706 shares of the technology company’s stock valued at $4,415,000 after buying an additional 652 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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