ValuEngine cut shares of CSRA Inc. (NYSE:CSRA) from a buy rating to a hold rating in a research note published on Friday.
CSRA has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on shares of CSRA from $37.00 to $42.00 and gave the company an outperform rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. upgraded shares of CSRA from a hold rating to a buy rating and raised their price objective for the company from $34.00 to $39.00 in a report on Friday, September 15th. Vertical Research lowered shares of CSRA from a hold rating to a sell rating and set a $31.00 price objective for the company. in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of CSRA from a hold rating to a buy rating and set a $36.00 price objective for the company in a report on Tuesday, August 22nd. Finally, Cowen and Company reiterated a hold rating and issued a $35.00 price objective on shares of CSRA in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. CSRA presently has an average rating of Hold and an average price target of $36.50.
Shares of CSRA (CSRA) traded down $0.21 during midday trading on Friday, reaching $28.82. 1,226,100 shares of the company were exchanged, compared to its average volume of 1,042,470. The company has a market cap of $4,720.14, a price-to-earnings ratio of 15.09, a PEG ratio of 1.47 and a beta of 1.91. CSRA has a 1-year low of $27.65 and a 1-year high of $33.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.68.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. analysts predict that CSRA will post 1.96 EPS for the current year.
In other news, Director Craig L. Martin purchased 20,000 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the acquisition, the director now owns 33,500 shares in the company, valued at $1,082,385. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Stifel Financial Corp grew its position in shares of CSRA by 6.6% during the 2nd quarter. Stifel Financial Corp now owns 61,809 shares of the technology company’s stock worth $1,970,000 after buying an additional 3,839 shares during the period. Franklin Resources Inc. grew its position in shares of CSRA by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock worth $132,664,000 after buying an additional 83,136 shares during the period. BlackRock Inc. grew its position in shares of CSRA by 5,792.2% during the 1st quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares during the period. Canada Pension Plan Investment Board grew its position in shares of CSRA by 172,000.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 17,210 shares of the technology company’s stock worth $546,000 after buying an additional 17,200 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of CSRA during the 2nd quarter worth approximately $1,737,000. 92.34% of the stock is owned by 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.
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