CSRA (NYSE:CSRA) was downgraded by analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They currently have a $40.75 price objective on the technology company’s stock. SunTrust Banks’ price target suggests a potential upside of 0.59% from the company’s current price. SunTrust Banks also issued estimates for CSRA’s FY2020 earnings at $2.41 EPS.

CSRA has been the topic of a number of other research reports. BidaskClub cut shares of CSRA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Wells Fargo & Co upped their target price on shares of CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 target price on shares of CSRA in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $41.00 target price on shares of CSRA and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.70.

Shares of CSRA (NYSE:CSRA) traded down $0.07 during mid-day trading on Wednesday, hitting $40.51. 987,711 shares of the stock traded hands, compared to its average volume of 2,863,604. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $6,620.87, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.08 and a beta of 1.81. CSRA has a 1 year low of $27.38 and a 1 year high of $40.65.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. analysts expect that CSRA will post 2.04 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in CSRA by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 13,886 shares of the technology company’s stock worth $441,000 after purchasing an additional 299 shares during the period. New Mexico Educational Retirement Board increased its stake in CSRA by 12.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,687 shares of the technology company’s stock worth $469,000 after purchasing an additional 1,700 shares during the period. Amalgamated Bank increased its stake in CSRA by 5.3% during the fourth quarter. Amalgamated Bank now owns 34,952 shares of the technology company’s stock worth $1,046,000 after purchasing an additional 1,744 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in CSRA by 2.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 66,981 shares of the technology company’s stock worth $2,161,000 after purchasing an additional 1,849 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in CSRA by 3.8% during the second quarter. Ameriprise Financial Inc. now owns 50,709 shares of the technology company’s stock worth $1,612,000 after purchasing an additional 1,858 shares during the period. Institutional investors own 95.91% of the company’s stock.

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About CSRA

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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