Computer Sciences Receives New Coverage from Analysts at RBC Capital (CSC)
Stock analysts at RBC Capital assumed coverage on shares of Computer Sciences (NYSE:CSC) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating on the stock.
Shares of Computer Sciences (NYSE:CSC) opened at 59.97 on Tuesday. Computer Sciences has a 52-week low of $46.80 and a 52-week high of $65.52. The stock has a 50-day moving average of $61.98 and a 200-day moving average of $61.8. The company has a market cap of $8.699 billion and a P/E ratio of 13.87.
Computer Sciences (NYSE:CSC) last released its earnings data on Thursday, August 7th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, August 29th.
A number of other firms have also 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. 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $63.91.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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