Perspecta Inc (PRSP) Given $28.00 Consensus Target Price by Brokerages

Perspecta Inc (NASDAQ:PRSP) has earned a consensus broker rating score of 2.50 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 12-month consensus target price of $28.00 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Perspecta an industry rank of 103 out of 255 based on the ratings given to its competitors.

PRSP has been the topic of several research reports. Cowen restated a “buy” rating and set a $32.00 price target on shares of Perspecta in a research note on Thursday, August 2nd. Vertical Research initiated coverage on Perspecta in a research note on Tuesday, June 26th. They set a “hold” rating on the stock. Loop Capital initiated coverage on Perspecta in a research note on Thursday, August 9th. They set a “hold” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Co initiated coverage on Perspecta in a research note on Wednesday, June 20th. They set a “market perform” rating and a $24.00 price target on the stock.

A number of institutional investors and hedge funds have recently bought and sold shares of PRSP. BlackRock Inc. purchased a new position in Perspecta in the second quarter valued at about $339,141,000. Investec Asset Management LTD purchased a new position in Perspecta in the second quarter valued at about $69,124,000. Eagle Asset Management Inc. purchased a new position in Perspecta in the second quarter valued at about $49,397,000. Boston Partners purchased a new position in Perspecta in the second quarter valued at about $45,584,000. Finally, Bank of New York Mellon Corp purchased a new position in Perspecta in the second quarter valued at about $41,322,000.

Shares of Perspecta stock traded down $0.15 during trading on Friday, hitting $21.81. 8,376 shares of the stock traded hands, compared to its average volume of 3,651,325. Perspecta has a 52-week low of $19.84 and a 52-week high of $27.68.

The company also recently declared a special dividend, which was paid on Tuesday, July 17th. Stockholders of record on Monday, June 11th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, June 8th.

About Perspecta

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