Computer Sciences Given Consensus Rating of “Hold” by Brokerages (NYSE:CSC)
Shares of Computer Sciences (NYSE:CSC) have been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $64.08.
In other Computer Sciences news, CEO John M. Lawrie unloaded 8,000 shares of Computer Sciences stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $60.03, for a total value of $480,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Computer Sciences (NYSE:CSC) opened at 59.79 on Tuesday. Computer Sciences has a one year low of $46.80 and a one year high of $65.52. The stock’s 50-day moving average is $61.63 and its 200-day moving average is $61.79. The company has a market cap of $8.673 billion and a P/E ratio of 13.86.
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. Analysts expect that Computer Sciences will post $4.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders 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 1.54%. The ex-dividend date of this dividend is Friday, August 29th.
A number of analysts have recently weighed in on CSC shares. 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.
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