CSRA’s (CSRA) “Hold” Rating Reiterated at Cowen and Company
CSRA Inc. (NYSE:CSRA)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a report issued on Monday. They currently have a $35.00 price objective on the technology company’s stock. Cowen and Company’s price objective points to a potential upside of 9.44% from the stock’s current price.
The analysts wrote, “CSRA’s recent bookings momentum & pivot to organic growth are laudable, but.””
Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded CSRA from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Royal Bank Of Canada raised their price target on CSRA from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. Finally, SunTrust Banks, Inc. raised CSRA from a “hold” rating to a “buy” rating and raised their price target for the stock from $34.00 to $39.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.00.
CSRA (CSRA) opened at 31.98 on Monday. The stock has a 50 day moving average price of $32.07 and a 200-day moving average price of $30.71. CSRA has a 12-month low of $24.48 and a 12-month high of $33.67. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 16.66 and a beta of 1.95.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.23 billion for 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 business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Equities analysts forecast that CSRA will post $1.96 earnings per share for the current year.
In other CSRA news, Director Craig L. Martin bought 20,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the transaction, the director now directly owns 33,500 shares in the company, valued at $1,082,385. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in CSRA in the 1st quarter valued at approximately $102,000. Northwestern Mutual Wealth Management Co. increased its position in CSRA by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in CSRA in the 2nd quarter valued at approximately $120,000. GLG Partners LP acquired a new stake in CSRA in the 2nd quarter valued at approximately $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in CSRA by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after acquiring an additional 607 shares during the period. Hedge funds and other institutional investors own 92.42% 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.
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