CA Rating Increased to Outperform at Zacks (CA)
CA (NYSE:CA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has a $38.00 price objective on the stock. Zacks‘ price objective indicates a potential upside of 19.12% from the company’s current price.
In other CA news, EVP Jacob Lamm unloaded 6,577 shares of the stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $32.24, for a total value of $212,042.48. Following the completion of the sale, the executive vice president now directly owns 32,434 shares in the company, valued at approximately $1,045,672. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on CA. Analysts at Argus reiterated a “buy” rating on shares of CA in a research note to investors on Monday, January 27th. They now have a $36.00 price target on the stock, up previously from $34.00. Separately, analysts at Mizuho raised their price target on shares of CA from $28.00 to $30.00 in a research note to investors on Thursday, January 16th. They now have a “neutral” rating on the stock. Finally, analysts at Evercore Partners downgraded shares of CA from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 6th. They now have a $32.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.80.
Shares of CA (NYSE:CA) traded up 1.52% on Friday, hitting $32.10. 1,849,361 shares of the company’s stock traded hands. CA has a 52-week low of $23.98 and a 52-week high of $36.22. The stock has a 50-day moving average of $33.09 and a 200-day moving average of $31.41. The company has a market cap of $14.373 billion and a P/E ratio of 13.66.
CA (NYSE:CA) last released its earnings data on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.04. Analysts expect that CA will post $3.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Investors of record on Thursday, February 20th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
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