Cognizant Technology Solutions Corp. Price Target Increased to $112.00 by Analysts at Jefferies Group (CTSH)
Jefferies Group hoisted their target price on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $102.00 to $112.00 in a research note issued on Thursday, Analyst Ratings Net reports. Jefferies Group’s price objective suggests a potential upside of 13.59% from the stock’s previous close.
A number of other firms have also recently commented on CTSH. Analysts at Barclays raised their price target on shares of Cognizant Technology Solutions Corp. from $105.00 to $120.00 in a research note to investors on Tuesday, January 21st. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Cognizant Technology Solutions Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. Finally, analysts at Needham & Company raised their price target on shares of Cognizant Technology Solutions Corp. from $105.00 to $120.00 in a research note to investors on Monday, December 30th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $95.00.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 2.90% on Thursday, hitting $98.60. 1,769,978 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp. has a 52-week low of $60.92 and a 52-week high of $101.62. The stock’s 50-day moving average is $98.02 and its 200-day moving average is $85.89. The company has a market cap of $29.826 billion and a P/E ratio of 24.63.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.12. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts expect that Cognizant Technology Solutions Corp. will post $4.04 EPS for the current fiscal year.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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