Computer Sciences Given Consensus Rating of “Hold” by Analysts (NYSE:CSC)
Shares of Computer Sciences (NYSE:CSC) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $64.17.
A number of research firms have recently commented on CSC. Analysts at Morgan Stanley initiated coverage on shares of Computer Sciences in a research note on Monday, July 7th. They set an “underweight” rating and a $60.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Computer Sciences in a research note on Thursday, July 3rd. They now have a $67.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Computer Sciences in a research note on Monday, June 16th. They now have a $67.00 price target on the stock, up previously from $58.00.
Shares of Computer Sciences (NYSE:CSC) remained flat at $62.70 during during mid-day trading trading on Tuesday. 264,748 shares of the company’s stock traded hands. Computer Sciences has a 1-year low of $46.56 and a 1-year high of $64.72. The stock’s 50-day moving average is $63.27 and its 200-day moving average is $60.63. The company has a market cap of $9.083 billion and a P/E ratio of 14.03.
Computer Sciences (NYSE:CSC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.04. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts expect that Computer Sciences will post $4.49 EPS for the current fiscal year.
In other Computer Sciences news, CEO John M. Lawrie sold 2,000 shares of Computer Sciences stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $64.08, for a total transaction of $128,160.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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