Computer Sciences Corp. Coverage Initiated by Analysts at Tigress Financial (CSC)
Investment analysts at Tigress Financial started coverage on shares of Computer Sciences Corp. (NYSE:CSC) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on CSC. Analysts at Susquehanna initiated coverage on shares of Computer Sciences Corp. in a research note to investors on Tuesday, September 10th. They set a “positive” rating and a $62.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. Finally, analysts at Jefferies Group set a $54.00 price target on shares of Computer Sciences Corp. in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.00.
Computer Sciences Corp. (NYSE:CSC) traded up 1.11% during mid-day trading on Thursday, hitting $52.94. The stock had a trading volume of 543,533 shares. Computer Sciences Corp. has a one year low of $30.15 and a one year high of $54.80. The stock’s 50-day moving average is $51.50 and its 200-day moving average is $48.13. The company has a market cap of $7.819 billion and a P/E ratio of 7.52.
Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.24. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. Analysts expect that Computer Sciences Corp. will post $3.68 EPS for the current fiscal year.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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