BidaskClub Lowers CSRA Inc. (CSRA) to Sell

BidaskClub lowered shares of CSRA Inc. (NYSE:CSRA) from a hold rating to a sell rating in a research note published on Saturday morning.

CSRA has been the subject of a number of other reports. Royal Bank Of Canada reissued a buy rating and set a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating and set a $36.00 price target for the company in a research note on Tuesday, August 8th. Cowen and Company reissued a market perform rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. raised shares of CSRA from a hold rating to a buy rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $35.89.

Shares of CSRA (CSRA) opened at 31.86 on Friday. The company has a market capitalization of $5.21 billion, a PE ratio of 16.59 and a beta of 1.95. CSRA has a one year low of $24.48 and a one year high of $33.67. The company’s 50-day moving average is $31.87 and its 200-day moving average is $31.07.

CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts predict that CSRA will post $1.96 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio (DPR) is 20.94%.

In other CSRA news, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the completion of the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in CSRA in the first quarter valued at approximately $102,000. Northwestern Mutual Wealth Management Co. increased its stake in CSRA by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in CSRA in the second quarter valued at approximately $120,000. GLG Partners LP bought a new stake in CSRA in the second quarter valued at approximately $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSRA by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,78

CSRA has been the subject of a number of other reports. Royal Bank Of Canada reissued a buy rating and set a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating and set a $36.00 price target for the company in a research note on Tuesday, August 8th. Cowen and Company reissued a market perform rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. raised shares of CSRA from a hold rating to a buy rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $35.89.

Shares of CSRA (CSRA) opened at 31.86 on Friday. The company has a market capitalization of $5.21 billion, a PE ratio of 16.59 and a beta of 1.95. CSRA has a one year low of $24.48 and a one year high of $33.67. The company’s 50-day moving average is $31.87 and its 200-day moving average is $31.07.

CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts predict that CSRA will post $1.96 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/bidaskclub-lowers-csra-inc-csra-to-sell-2.html.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio (DPR) is 20.94%.

In other CSRA news, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the completion of the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in CSRA in the first quarter valued at approximately $102,000. Northwestern Mutual Wealth Management Co. increased its stake in CSRA by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in CSRA in the second quarter valued at approximately $120,000. GLG Partners LP bought a new stake in CSRA in the second quarter valued at approximately $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSRA by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after purchasing an additional 607 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

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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