CSRA Inc. (CSRA) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of CSRA Inc. (NYSE:CSRA) in a research report released on Thursday morning, MarketBeat reports. They currently have a $35.00 price objective on the technology company’s stock.

Several other analysts have also recently issued reports on CSRA. Cowen and Company reiterated a market perform rating and issued a $35.00 target price (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. BidaskClub upgraded shares of CSRA from a sell rating to a hold rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of CSRA from a sell rating to a hold rating and set a $36.00 target price on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a buy rating and issued a $38.00 target price on shares of CSRA in a research note on Sunday, August 6th. Finally, Vertical Research cut shares of CSRA from a hold rating to a sell rating and set a $31.00 target price on the stock. in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $35.89.

CSRA (NYSE CSRA) opened at 31.35 on Thursday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 16.33 and a beta of 1.95. The firm’s 50-day moving average is $31.87 and its 200 day moving average is $31.01. CSRA has a 12 month low of $24.48 and a 12 month high of $33.67.

CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that CSRA will post $1.97 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, August 25th. CSRA’s dividend payout ratio (DPR) is currently 20.94%.

In other news, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the transaction, the director now owns 33,500 shares in the company, valued at approximately $1,082,385. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of CSRA by 26.2% during the 2nd quarter. Toronto Dominion Bank now owns 47,433 shares of the technology company’s stock valued at $1,506,000 after buying an additional 9,848 shares in the last quarter. Oak Associates Ltd. OH raised its position in shares of CSRA by 7.9% during the 2nd quarter. Oak Associates Ltd. OH now owns 327,408 shares of the technology company’s stock valued at $10,395,000 after buying an additional 24,030 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of CSRA by 43.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 76,605 shares of the technology company’s stock valued at $2,432,000 after buying an additional 23,250 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of CSRA during the 2nd quarter valued at $436,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of CSRA by 700.6% during the 2nd quarte

Several other analysts have also recently issued reports on CSRA. Cowen and Company reiterated a market perform rating and issued a $35.00 target price (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. BidaskClub upgraded shares of CSRA from a sell rating to a hold rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of CSRA from a sell rating to a hold rating and set a $36.00 target price on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a buy rating and issued a $38.00 target price on shares of CSRA in a research note on Sunday, August 6th. Finally, Vertical Research cut shares of CSRA from a hold rating to a sell rating and set a $31.00 target price on the stock. in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $35.89.

CSRA (NYSE CSRA) opened at 31.35 on Thursday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 16.33 and a beta of 1.95. The firm’s 50-day moving average is $31.87 and its 200 day moving average is $31.01. CSRA has a 12 month low of $24.48 and a 12 month high of $33.67.

CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that CSRA will post $1.97 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/09/csra-inc-csra-stock-rating-reaffirmed-by-jefferies-group-llc.html.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, August 25th. CSRA’s dividend payout ratio (DPR) is currently 20.94%.

In other news, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the transaction, the director now owns 33,500 shares in the company, valued at approximately $1,082,385. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of CSRA by 26.2% during the 2nd quarter. Toronto Dominion Bank now owns 47,433 shares of the technology company’s stock valued at $1,506,000 after buying an additional 9,848 shares in the last quarter. Oak Associates Ltd. OH raised its position in shares of CSRA by 7.9% during the 2nd quarter. Oak Associates Ltd. OH now owns 327,408 shares of the technology company’s stock valued at $10,395,000 after buying an additional 24,030 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of CSRA by 43.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 76,605 shares of the technology company’s stock valued at $2,432,000 after buying an additional 23,250 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of CSRA during the 2nd quarter valued at $436,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of CSRA by 700.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 65,132 shares of the technology company’s stock valued at $2,068,000 after buying an additional 56,997 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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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