Zacks Investment Research upgraded shares of CSRA (NYSE:CSRA) from a sell rating to a hold rating in a report published on Tuesday, December 5th.
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.”
Several other research analysts have also issued reports on the company. Wells Fargo & Company upped their target price on CSRA from $37.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, October 25th. Vertical Research downgraded CSRA from a hold rating to a sell rating and set a $31.00 price target on the stock. in a research note on Tuesday, October 3rd. SunTrust Banks upgraded CSRA from a hold rating to a buy rating and boosted their price target for the company from $34.00 to $39.00 in a research note on Friday, September 15th. Stifel Nicolaus reiterated a buy rating and set a $39.00 price target on shares of CSRA in a research note on Tuesday, November 21st. Finally, Royal Bank of Canada set a $37.00 price target on CSRA and gave the company a buy rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. CSRA presently has an average rating of Hold and an average target price of $36.50.
CSRA (NYSE CSRA) traded down $0.18 on Tuesday, hitting $29.70. The stock had a trading volume of 945,200 shares, compared to its average volume of 1,052,131. CSRA has a 52-week low of $27.38 and a 52-week high of $33.67. The company has a market cap of $4,940.00 and a price-to-earnings ratio of 15.64. 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 announced its 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. research analysts forecast that CSRA will post 1.95 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Prudential PLC raised its holdings in CSRA by 42.5% in the 2nd quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after purchasing an additional 730,300 shares during the period. Assenagon Asset Management S.A. acquired a new position in CSRA in the 3rd quarter worth about $22,242,000. Schwab Charles Investment Management Inc. raised its holdings in CSRA by 51.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after purchasing an additional 331,532 shares during the period. Janus Henderson Group PLC raised its holdings in CSRA by 6,259.0% in the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after purchasing an additional 287,165 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in CSRA in the 3rd quarter worth about $8,630,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.
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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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