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Stock analysts at Standpoint Research initiated coverage on shares of CA (NYSE:CA) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $36.00 price target on the stock. Standpoint Research’s price target suggests a potential upside of 26.09% from the company’s current price.

Shares of CA (NYSE:CA) traded up 0.74% during mid-day trading on Monday, hitting $28.76. 256,695 shares of the company’s stock traded hands. CA has a one year low of $27.75 and a one year high of $36.22. The stock has a 50-day moving average of $28.99 and a 200-day moving average of $31.29. The company has a market cap of $12.739 billion and a P/E ratio of 14.11.

CA (NYSE:CA) last released its earnings data on Thursday, May 15th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that CA will post $2.50 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of CA from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $30.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of CA in a research note on Monday, May 19th. They now have a $30.00 price target on the stock, down previously from $32.00. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.63.

CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.

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