CSRA (NYSE:CSRA)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued on Tuesday, November 21st, Marketbeat reports. They presently have a $39.00 target price on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 34.76% from the stock’s current price.
Other analysts have also issued reports about the company. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, August 28th. Royal Bank Of Canada reissued a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Cowen reissued a “hold” rating and issued a $35.00 price objective on shares of CSRA in a report on Wednesday, October 18th. BidaskClub raised CSRA from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $35.00 price target on shares of CSRA in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.50.
Shares of CSRA (CSRA) traded down $0.04 during midday trading on Tuesday, hitting $28.94. The company had a trading volume of 992,422 shares, compared to its average volume of 1,053,541. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68. The stock has a market cap of $4,740.00 and a PE ratio of 15.31. CSRA has a 1 year low of $27.38 and a 1 year high of $33.67.
CSRA (NYSE:CSRA) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSRA had a net margin of 6.35% and a return on equity of 79.44%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. analysts predict that CSRA will post 1.95 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Prudential PLC lifted its holdings in shares of CSRA by 42.5% in the 2nd quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock valued at $77,807,000 after purchasing an additional 730,300 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of CSRA in the 3rd quarter valued at about $22,242,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of CSRA by 51.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock valued at $31,111,000 after purchasing an additional 331,532 shares during the last quarter. Boston Advisors LLC raised its stake in CSRA by 574.8% during the 2nd quarter. Boston Advisors LLC now owns 339,250 shares of the technology company’s stock valued at $10,771,000 after acquiring an additional 288,975 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in CSRA by 6,259.0% during the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock valued at $9,263,000 after acquiring an additional 287,165 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.
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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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