Computer Sciences Given Consensus Rating of “Hold” by Brokerages (NYSE:CSC)
Computer Sciences (NYSE:CSC) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, Stock Ratings Network.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 1-year price target among brokerages that have issued ratings on the stock in the last year is $64.08.
Computer Sciences (NYSE:CSC) traded up 0.53% on Tuesday, hitting $60.29. 212,460 shares of the company’s stock traded hands. Computer Sciences has a 52 week low of $46.80 and a 52 week high of $65.52. The stock’s 50-day moving average is $61.98 and its 200-day moving average is $61.8. The company has a market cap of $8.746 billion and a P/E ratio of 13.91.
Computer Sciences (NYSE:CSC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.19 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 down .5% on a year-over-year basis. On average, analysts predict that Computer Sciences will post $4.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, August 29th.
A number of research firms have recently commented on CSC. Analysts at RBC Capital initiated coverage on shares of Computer Sciences in a research note on Tuesday. They set a “sector perform” rating and a $66.00 price target on the stock. Separately, 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. 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.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.