Jefferies Group reiterated their hold rating on shares of CSRA (NYSE:CSRA) in a research report sent to investors on Monday, January 8th. The firm currently has a $33.00 price target on the technology company’s stock. Jefferies Group also issued estimates for CSRA’s FY2019 earnings at $2.08 EPS and FY2020 earnings at $2.29 EPS.
A number of other analysts have also commented on CSRA. Vertical Research lowered 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. BidaskClub raised CSRA from a sell rating to a hold rating in a research note on Thursday, September 28th. Cowen reissued a hold rating and issued a $35.00 price target on shares of CSRA in a research note on Monday, September 18th. Zacks Investment Research downgraded CSRA from a buy rating to a hold rating in a report on Friday, September 15th. Finally, SunTrust Banks upgraded CSRA from a hold rating to a buy rating and boosted their price objective for the company from $34.00 to $39.00 in a report on Friday, September 15th. Two investment 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’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $36.70.
Shares of CSRA (CSRA) traded up $0.35 during trading on Monday, reaching $33.21. The company’s stock had a trading volume of 287,262 shares, compared to its average volume of 796,369. 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 firm has a market cap of $5,447.32, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.70. CSRA has a fifty-two week low of $27.38 and a fifty-two week high of $33.67.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSRA had a return on equity of 79.44% and a net margin of 6.35%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts expect that CSRA will post 1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Wednesday, January 3rd. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
A number of hedge funds have recently bought and sold shares of the stock. Prudential PLC grew its holdings in shares of CSRA by 42.5% in the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after acquiring an additional 730,300 shares during the period. Assenagon Asset Management S.A. purchased a new position in CSRA in the 3rd quarter valued at about $22,242,000. Schwab Charles Investment Management Inc. lifted its stake 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 valued at $31,111,000 after buying an additional 331,532 shares in the last quarter. Janus Henderson Group PLC lifted its stake 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 valued at $9,263,000 after buying an additional 287,165 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in CSRA in the 3rd quarter valued at about $8,630,000. 94.93% of the stock is owned by institutional investors.
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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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