CSRA Inc. (CSRA) Receives $35.57 Average Target Price from Brokerages
CSRA Inc. (NYSE:CSRA) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.43.
A number of research firms have recently weighed in on CSRA. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 target price on shares of CSRA in a research note on Thursday. Vertical Research lowered CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday. BidaskClub raised CSRA from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Cowen and Company reaffirmed a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered CSRA from a “buy” rating to a “hold” rating in a research report on Friday, September 15th.
Shares of CSRA (NYSE:CSRA) traded down 0.85% during trading on Friday, hitting $31.35. The stock had a trading volume of 1,868,491 shares. The firm has a 50-day moving average price of $31.87 and a 200 day moving average price of $31.01. The company has a market capitalization of $5.12 billion, a PE ratio of 16.33 and a beta of 1.95. CSRA has a 52 week low of $24.48 and a 52 week high of $33.67.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $0.48 EPS. CSRA’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts anticipate that CSRA will post $1.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, August 25th. CSRA’s payout ratio is 20.94%.
In other CSRA news, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSRA. Ameritas Investment Partners Inc. bought a new position in shares of CSRA in the 1st quarter worth approximately $102,000. Northwestern Mutual Wealth Management Co. raised its position in shares of CSRA by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of CSRA in the 2nd quarter worth approximately $120,000. GLG Partners LP bought a new position in shares of CSRA in the 2nd quarter worth approximately $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CSRA by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after acquiring an additional 607 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
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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