CSRA Inc. (CSRA) Stock Rating Lowered by ValuEngine

CSRA Inc. (NYSE:CSRA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other research firms have also issued reports on CSRA. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Cowen and Company reaffirmed a “market perform” rating and set a $35.00 target price (up from $32.00) on shares of CSRA in a report on Thursday, August 10th. BidaskClub lowered CSRA from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 target price on shares of CSRA in a report on Thursday, October 5th. Two investment 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. The company currently has an average rating of “Hold” and a consensus price target of $36.50.

CSRA (NYSE CSRA) opened at $28.82 on Friday. The stock has a market capitalization of $4,720.14, a PE ratio of 15.09, a P/E/G ratio of 1.47 and a beta of 1.91. CSRA has a fifty-two week low of $27.65 and a fifty-two week high of $33.67. The company has a current ratio of 1.05, a quick ratio of 1.10 and a debt-to-equity ratio of 5.68.

CSRA (NYSE:CSRA) last released its earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a return on equity of 79.44% and a net margin of 6.35%. CSRA’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. analysts anticipate that CSRA will post 1.96 EPS for the current year.

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In related news, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig L. Martin purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the purchase, the director now directly 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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its position in 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 acquiring an additional 3,839 shares during the period. Franklin Resources Inc. boosted its position in 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 acquiring an additional 83,136 shares during the period. BlackRock Inc. boosted its position in 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 acquiring an additional 8,213,272 shares during the period. Canada Pension Plan Investment Board boosted its position in 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 acquiring an additional 17,200 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in CSRA during the 2nd quarter worth about $1,737,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

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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