CSRA (CSRA) Receives “Market Perform” Rating from Raymond James Financial

Raymond James Financial reiterated their market perform rating on shares of CSRA (NYSE:CSRA) in a report issued on Tuesday.

Several other equities analysts have also recently issued reports on CSRA. Cowen reiterated a hold rating and set a $35.00 price target on shares of CSRA in a research report on Wednesday, February 7th. Jefferies Group set a $35.00 price target on shares of CSRA and gave the company a hold rating in a research report on Wednesday, February 7th. Wells Fargo & Co cut shares of CSRA from an outperform rating to a market perform rating and set a $42.00 price target on the stock. in a research report on Monday. Drexel Hamilton cut shares of CSRA from a buy rating to a hold rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of CSRA from a hold rating to a strong-buy rating and set a $35.00 price target on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. CSRA has a consensus rating of Hold and an average target price of $36.70.

CSRA (CSRA) opened at $40.58 on Tuesday. CSRA has a 52-week low of $27.38 and a 52-week high of $40.65. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6,620.87, a PE ratio of 20.30, a P/E/G ratio of 2.08 and a beta of 1.81.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. CSRA’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts forecast that CSRA will post 2.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, January 3rd. CSRA’s payout ratio is currently 17.47%.

A number of large investors have recently bought and sold shares of CSRA. Ameriprise Financial Inc. boosted its stake in CSRA by 3.8% during the second quarter. Ameriprise Financial Inc. now owns 50,709 shares of the technology company’s stock worth $1,612,000 after acquiring an additional 1,858 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in CSRA by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 13,886 shares of the technology company’s stock worth $441,000 after acquiring an additional 299 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CSRA by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,003,014 shares of the technology company’s stock worth $31,846,000 after acquiring an additional 25,760 shares in the last quarter. Janus Henderson Group PLC boosted its stake in CSRA by 6,259.0% during the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after acquiring an additional 287,165 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in CSRA by 700.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,132 shares of the technology company’s stock worth $2,068,000 after acquiring an additional 56,997 shares in the last quarter. 95.91% of the stock is currently owned by institutional investors and hedge funds.

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About CSRA

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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