CA Price Target Cut to $28.00 by Analysts at Jefferies Group (CA)
Research analysts at Jefferies Group dropped their price target on shares of CA (NYSE:CA) to $28.00 in a report released on Friday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 10.83% from the stock’s previous close.
A number of other firms have also recently commented on CA. Analysts at Zacks reiterated a “neutral” rating on shares of CA in a research note to investors on Thursday, August 22nd. They now have a $31.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of CA from a “hold” rating to a “buy” rating in a research note to investors on Thursday, August 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. CA presently has an average rating of “Hold” and an average target price of $27.67.
Shares of CA (NYSE:CA) traded up 3.32% during mid-day trading on Friday, hitting $31.40. The stock had a trading volume of 4,720,962 shares. CA has a 52 week low of $21.48 and a 52 week high of $31.43. The stock has a 50-day moving average of $30.18 and a 200-day moving average of $27.65. The company has a market cap of $14.307 billion and a P/E ratio of 13.28.
CA (NYSE:CA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that CA will post $2.97 earnings per share for the current fiscal year.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
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