CA Earns BBB Credit Rating from Morningstar (CA)
CA (NYSE:CA) has earned a “BBB” credit rating from analysts at Morningstar. The firm’s “BBB” rating suggests that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
CA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CA in a research note on Thursday, August 14th. They now have a $30.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of CA in a research note on Wednesday, July 16th. They set a “market perform” rating and a $31.00 price target on the stock. Finally, analysts at Standpoint Research initiated coverage on shares of CA in a research note on Monday, June 30th. They set a “buy” rating and a $36.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.89.
Shares of CA (NYSE:CA) opened at 28.78 on Thursday. CA has a 1-year low of $27.84 and a 1-year high of $36.22. The stock has a 50-day moving average of $28.55 and a 200-day moving average of $29.83. The company has a market cap of $12.809 billion and a price-to-earnings ratio of 16.10.
CA (NYSE:CA) last released its earnings data on Wednesday, July 23rd. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 49.0% on a year-over-year basis. Analysts expect that CA will post $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Thursday, August 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, August 19th.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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