CA Rating Reiterated by Citigroup Inc. (CA)
CA (NYSE:CA)‘s stock had its “hold” rating restated by Citigroup Inc. in a research note issued on Monday. They currently have a $30.00 price objective on the stock, down from their previous price objective of $32.00. Citigroup Inc.’s target price would suggest a potential upside of 3.48% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research upgraded shares of CA from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Separately, analysts at Barclays initiated coverage on shares of CA in a research note on Monday, March 3rd. They set an “equal weight” rating on the stock. Finally, analysts at Cowen and Company downgraded shares of CA from a “market perform” rating to an “underperform” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.71.
CA (NYSE:CA) traded up 0.79% on Monday, hitting $29.22. The stock had a trading volume of 506,512 shares. CA has a 1-year low of $26.92 and a 1-year high of $36.22. The stock has a 50-day moving average of $30.28 and a 200-day moving average of $32.03. The company has a market cap of $12.915 billion and a P/E ratio of 14.33.
CA (NYSE:CA) last released its earnings data on Thursday, May 15th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.03. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Analysts expect that CA will post $2.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Investors of record on Thursday, May 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Tuesday, May 27th.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
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