Cowen Reaffirms “Hold” Rating for CSRA (CSRA)

CSRA (NYSE:CSRA)‘s stock had its “hold” rating reissued by stock analysts at Cowen in a report released on Wednesday. They presently have a $35.00 target price on the technology company’s stock. Cowen’s price objective would suggest a potential upside of 13.45% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada set a $41.00 target price on shares of CSRA and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Jefferies Group restated a “hold” rating and issued a $33.00 target price on shares of CSRA in a research note on Monday, January 8th. TheStreet upgraded shares of CSRA from a “c” rating to a “b-” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, ValuEngine upgraded shares of CSRA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. CSRA has an average rating of “Hold” and an average target price of $36.90.

Shares of CSRA (NYSE CSRA) opened at $30.85 on Wednesday. The stock has a market cap of $5,050.00 and a PE ratio of 16.07. 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 12 month low of $27.38 and a 12 month high of $33.79.

CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. sell-side analysts forecast that CSRA will post 1.99 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC acquired a new stake in CSRA during the third quarter worth about $211,000. Intact Investment Management Inc. acquired a new stake in CSRA during the third quarter worth about $223,000. Boothbay Fund Management LLC acquired a new stake in CSRA during the third quarter worth about $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in CSRA during the fourth quarter worth about $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CSRA by 49.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,630 shares of the technology company’s stock worth $258,000 after acquiring an additional 2,849 shares during the period. Hedge funds and other institutional investors own 94.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://sportsperspectives.com/2018/02/09/cowen-reaffirms-hold-rating-for-csra-csra.html.

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)

Receive News & Ratings for CSRA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSRA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply