Zacks Investment Research upgraded shares of CSRA (NYSE:CSRA) from a sell rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “CSRA’s second-quarter fiscal 2018 bottom-line figure was negatively impacted by declining margins. Nevertheless, the top-line benefitted from contract wins based on its deep domain knowledge and expertise in next-generation IT services. The company's strong partnerships with the likes of Amazon Web Services, ServiceNow, Microsoft, Cisco Systems, VMware and Oracle are additional tailwinds. However, the lower recompete win rate is a concern in our view. Additionally, the recently announced acquisition of Praxis Engineering which is to be completed in the current quarter is expected to weigh on EBITDA margin in the second half of 2018. Notably, the company has underperformed the industry on a year-to-date basis.”
CSRA has been the subject of several other reports. BidaskClub downgraded shares of CSRA from a sell rating to a strong sell rating in a research report on Wednesday, November 15th. Wells Fargo & Company lifted their price target on shares of CSRA from $37.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, October 25th. SunTrust Banks upgraded shares of CSRA from a hold rating to a buy rating and lifted their price target for the company from $34.00 to $39.00 in a research report on Friday, September 15th. Vertical Research downgraded shares of CSRA from a hold rating to a sell rating and set a $31.00 price target for the company. in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $39.00 price target on shares of CSRA in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. CSRA currently has a consensus rating of Hold and a consensus target price of $36.50.
Shares of CSRA (NYSE:CSRA) traded down $0.26 during mid-day trading on Tuesday, reaching $28.98. 1,106,000 shares of the company’s stock traded hands, compared to its average volume of 1,053,802. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $4,740.00 and a P/E 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 issued its quarterly earnings data 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). The company 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%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. research analysts forecast that CSRA will post 1.95 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CSRA. GSA Capital Partners LLP bought a new stake in shares of CSRA in the third quarter worth $387,000. Neuberger Berman Group LLC bought a new stake in shares of CSRA in the third quarter worth $211,000. California Public Employees Retirement System grew its stake in shares of CSRA by 1.7% in the third quarter. California Public Employees Retirement System now owns 279,800 shares of the technology company’s stock worth $9,029,000 after purchasing an additional 4,800 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of CSRA in the third quarter worth $573,000. Finally, Chevy Chase Trust Holdings Inc. grew its stake in shares of CSRA by 13.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 145,036 shares of the technology company’s stock worth $4,680,000 after purchasing an additional 17,367 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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