Cognizant Technology Solutions Corp. PT Raised to $102.00 (CTSH)
Stock analysts at Jefferies Group boosted their price target on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $87.00 to $102.00 in a report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 14.81% from the stock’s previous close.
In other Cognizant Technology Solutions Corp. news, COO Sridhar Thiruvengadam unloaded 42,200 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $86.51, for a total value of $3,650,722.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 0.25% during mid-day trading on Tuesday, hitting $89.06. 1,325,075 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp. has a one year low of $60.92 and a one year high of $81.08. The stock’s 50-day moving average is $74.08 and its 200-day moving average is $70.59. The company has a market cap of $26.840 billion and a price-to-earnings ratio of 23.68.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its earnings results on Tuesday, August 6th. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.97 by $0.10. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.82 earnings per share. Cognizant Technology Solutions Corp.’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that Cognizant Technology Solutions Corp. will post $3.98 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CTSH. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Cognizant Technology Solutions Corp. in a research note to investors on Tuesday. They now have a $100.00 price target on the stock, up previously from $88.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cognizant Technology Solutions Corp. in a research note to investors on Monday. They now have a $92.00 price target on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Cognizant Technology Solutions Corp. in a research note to investors on Thursday, October 17th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.96.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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