Computer Sciences Assigned “BBB” Credit Rating by Morningstar (CSC)
Computer Sciences (NYSE:CSC) has received a “BBB” credit rating from analysts at Morningstar. The firm’s “BBB” rating indicates 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.
A number of other firms have also recently commented on CSC. Analysts at RBC Capital initiated coverage on shares of Computer Sciences in a research note on Tuesday, August 26th. 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Computer Sciences presently has a consensus rating of “Hold” and an average target price of $64.08.
Shares of Computer Sciences (NYSE:CSC) opened at 59.98 on Friday. 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 $61.36 and its 200-day moving average is $61.75. The company has a market cap of $8.701 billion and a P/E ratio of 13.93.
Computer Sciences (NYSE:CSC) last posted its quarterly earnings results 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. Stockholders 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.
In other Computer Sciences news, CEO John M. Lawrie sold 8,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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