BidaskClub downgraded shares of CSRA Inc. (NYSE:CSRA) from a sell rating to a strong sell rating in a research note released on Wednesday.
Other analysts also recently issued reports about the stock. Cowen and Company reissued a hold rating and set a $35.00 target price on shares of CSRA in a research note on Monday, September 18th. ValuEngine downgraded shares of CSRA from a buy rating to a hold rating in a research note on Friday, November 10th. SunTrust Banks, Inc. raised shares of CSRA from a hold rating to a buy rating and boosted their target price for the company from $34.00 to $39.00 in a research note on Friday, September 15th. Zacks Investment Research raised shares of CSRA from a hold rating to a buy rating and set a $36.00 target price on the stock in a research note on Wednesday, August 16th. Finally, Royal Bank Of Canada reissued a buy rating and set a $38.00 target price on shares of CSRA in a research note on Sunday, August 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $36.40.
CSRA (NYSE:CSRA) opened at $27.62 on Wednesday. The stock has a market capitalization of $4,523.60, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.91. CSRA has a twelve month low of $27.38 and a twelve month high of $33.67. 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 (NYSE:CSRA) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). CSRA had a net margin of 6.35% and a return on equity of 79.44%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $0.56 EPS. CSRA’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts forecast that CSRA will post 1.94 EPS for the current fiscal year.
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In other news, EVP George Batsakis sold 28,392 shares of the business’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 can be accessed through this link. Insiders own 0.40% of the company’s stock.
A number of large investors have recently modified their holdings of CSRA. Vanguard Group Inc. boosted its holdings in CSRA by 0.4% during the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock valued at $616,233,000 after acquiring an additional 82,283 shares during the period. BlackRock Inc. boosted its holdings in CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock valued at $270,528,000 after acquiring an additional 165,504 shares during the period. Franklin Resources Inc. boosted its holdings in CSRA by 2.0% during the second quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock valued at $132,664,000 after acquiring an additional 83,136 shares during the period. Prudential PLC boosted its holdings in CSRA by 42.5% during the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock valued at $77,807,000 after acquiring an additional 730,300 shares during the period. Finally, Royal Bank of Canada boosted its holdings in CSRA by 17.2% during the second quarter. Royal Bank of Canada now owns 1,587,157 shares of the technology company’s stock valued at $50,390,000 after acquiring an additional 232,886 shares during the period. Hedge funds and other institutional investors own 92.34% of the company’s stock.
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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