Shares of Computer Sciences Corp. (NYSE:CSC) have earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company. Ten investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $51.63.
A number of analysts recently weighed in on CSC shares. Barclays PLC increased their price target on shares of Computer Sciences Corp. from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 11th. TheStreet cut shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Citigroup Inc. upgraded shares of Computer Sciences Corp. from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Thursday, October 13th. Zacks Investment Research upgraded shares of Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a research note on Monday, August 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $57.00 price target on shares of Computer Sciences Corp. in a research note on Tuesday, October 18th.
In other Computer Sciences Corp. news, Chairman John M. Lawrie sold 6,100 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $61.98, for a total transaction of $378,078.00. Following the completion of the transaction, the chairman now directly owns 386,329 shares in the company, valued at approximately $23,944,671.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $51.93, for a total transaction of $519,300.00. Following the transaction, the chief financial officer now owns 96,153 shares of the company’s stock, valued at $4,993,225.29. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.
Computer Sciences Corp. (NYSE:CSC) traded down 0.07% during trading on Wednesday, reaching $60.93. 378,813 shares of the company were exchanged. The firm’s market capitalization is $8.58 billion. Computer Sciences Corp. has a 12 month low of $24.27 and a 12 month high of $63.34. The stock has a 50 day moving average price of $58.91 and a 200 day moving average price of $51.87.
Computer Sciences Corp. (NYSE:CSC) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. The firm earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Computer Sciences Corp. had a negative net margin of 1.21% and a positive return on equity of 16.62%. Computer Sciences Corp.’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. On average, analysts expect that Computer Sciences Corp. will post $2.78 EPS for the current fiscal year.
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About Computer Sciences Corp.
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.
