Brokerages Set CSRA Inc. (CSRA) Target Price at $35.00
Shares of CSRA Inc. (NYSE:CSRA) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $35.29.
Several research firms have recently commented on CSRA. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday. Royal Bank Of Canada reissued a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Finally, Cowen and Company reissued a “market perform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th.
CSRA (NYSE CSRA) traded down 0.98% during trading on Wednesday, hitting $32.19. 1,423,999 shares of the stock were exchanged. The firm’s 50 day moving average price is $32.23 and its 200-day moving average price is $30.65. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 16.77 and a beta of 1.95. CSRA has a 1-year low of $24.48 and a 1-year high of $33.67.
CSRA (NYSE:CSRA) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, analysts anticipate that CSRA will post $1.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
In related news, EVP George Batsakis sold 28,392 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John Reing sold 20,298 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the completion of the sale, the executive vice president now owns 4,587 shares in the company, valued at approximately $145,967,514. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in CSRA by 26.2% in the 2nd quarter. Toronto Dominion Bank now owns 47,433 shares of the technology company’s stock valued at $1,506,000 after acquiring an additional 9,848 shares during the period. Oak Associates Ltd. OH raised its stake in CSRA by 7.9% in the 2nd quarter. Oak Associates Ltd. OH now owns 327,408 shares of the technology company’s stock valued at $10,395,000 after acquiring an additional 24,030 shares during the period. Public Employees Retirement System of Ohio raised its stake in CSRA by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 76,605 shares of the technology company’s stock valued at $2,432,000 after acquiring an additional 23,250 shares during the period. Nomura Holdings Inc. bought a new stake in CSRA in the 2nd quarter valued at $436,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in CSRA by 700.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 65,132 shares of the technology company’s stock valued at $2,068,000 after acquiring an additional 56,997 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
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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.
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