CSRA (NYSE:CSRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “CSRA’s second-quarter fiscal 2018 bottom-line figure was negatively impacted by declining margins. Nevertheless, the top-line benefitted from contract wins based on its deep domain knowledge and expertise in next-generation IT services. The company's strong partnerships with the likes of Amazon Web Services, ServiceNow, Microsoft, Cisco Systems, VMware and Oracle are additional tailwinds. However, the lower recompete win rate is a concern in our view.  Additionally, the recently announced acquisition of Praxis Engineering which is to be completed in the current quarter is expected to weigh on EBITDA margin in the second half of 2018. Notably, the company has underperformed the industry on a year-to-date basis.”

Other research analysts also recently issued reports about the company. SunTrust Banks raised CSRA from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $39.00 in a research report on Friday, September 15th. Royal Bank Of Canada reissued a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Stifel Nicolaus reissued a “buy” rating and set a $39.00 price objective on shares of CSRA in a report on Tuesday, November 21st. ValuEngine raised CSRA from a “hold” rating to a “buy” rating in a report on Friday. Finally, Cowen reissued a “hold” rating and set a $35.00 price objective on shares of CSRA in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. CSRA currently has an average rating of “Hold” and a consensus price target of $36.50.

Shares of CSRA (NYSE CSRA) traded up $0.55 during mid-day trading on Tuesday, hitting $29.24. The company had a trading volume of 1,591,300 shares, compared to its average volume of 1,053,578. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05. CSRA has a 1-year low of $27.38 and a 1-year high of $33.67. The company has a market cap of $4,698.85, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.70.

CSRA (NYSE:CSRA) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a return on equity of 79.44% and a net margin of 6.35%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. sell-side analysts predict that CSRA will post 1.95 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in CSRA by 6.6% in the 2nd quarter. Stifel Financial Corp now owns 61,809 shares of the technology company’s stock valued at $1,970,000 after buying an additional 3,839 shares in the last quarter. Franklin Resources Inc. boosted its stake in CSRA by 2.0% in the 2nd quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock valued at $132,664,000 after buying an additional 83,136 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in CSRA by 172,000.0% in the second quarter. Canada Pension Plan Investment Board now owns 17,210 shares of the technology company’s stock worth $546,000 after purchasing an additional 17,200 shares in the last quarter. Janus Henderson Group PLC boosted its stake in CSRA by 6,259.0% in the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after purchasing an additional 287,165 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in CSRA by 2.0% in the second quarter. Rhumbline Advisers now owns 290,872 shares of the technology company’s stock worth $9,235,000 after purchasing an additional 5,637 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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