Computer Sciences Corp. Hits New 52-Week High at $56.47 (CSC)
Computer Sciences Corp. (NYSE:CSC)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $56.47 and last traded at $56.00, with a volume of 710,854 shares traded. The stock had previously closed at $55.65.
CSC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Computer Sciences Corp. in a research note to investors on Thursday, December 19th. They now have a $56.00 price target on the stock. Separately, analysts at Ned Davis Research downgraded shares of Computer Sciences Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $51.86.
Computer Sciences Corp. has a 1-year low of $40.69 and a 1-year high of $56.20. The stock’s 50-day moving average is $53.92 and its 200-day moving average is $51.12. The company has a market cap of $8.210 billion and a P/E ratio of 7.42.
Computer Sciences Corp. (NYSE:CSC) last announced its earnings results on Wednesday, October 30th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.10. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Analysts expect that Computer Sciences Corp. will post $3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 20th. Investors of record on Monday, December 30th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, December 26th.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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