CSRA Inc. (NYSE:CSRA) Given Consensus Rating of “Buy” by Analysts
CSRA Inc. (NYSE:CSRA) has been given a consensus rating of “Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.
Several equities analysts have recently weighed in on CSRA shares. Zacks Investment Research upgraded CSRA from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, April 13th. Evercore ISI started coverage on CSRA in a report on Tuesday, April 4th. They issued an “outperform” rating and a $34.00 price objective for the company. Finally, Royal Bank Of Canada raised their price objective on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 25th.
Shares of CSRA (CSRA) traded down 0.15% on Tuesday, hitting $32.84. The stock had a trading volume of 289,534 shares. The company has a market capitalization of $5.36 billion, a P/E ratio of 17.85 and a beta of 1.93. CSRA has a one year low of $24.38 and a one year high of $33.54. The firm has a 50 day moving average price of $30.83 and a 200 day moving average price of $30.45.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. CSRA had a return on equity of 128.47% and a net margin of 6.09%. CSRA’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. On average, equities research analysts predict that CSRA will post $1.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, June 13th. CSRA’s payout ratio is currently 21.86%.
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In other news, insider Lawrence B. Prior III acquired 49,500 shares of CSRA stock in a transaction dated Friday, June 2nd. The stock was bought at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the acquisition, the insider now directly owns 76,270 shares in the company, valued at approximately $2,326,235. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David F. Keffer sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the sale, the chief financial officer now owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Several large investors have recently modified their holdings of CSRA. BlackRock Inc. boosted its stake in shares of CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares in the last quarter. FMR LLC boosted its stake in shares of CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock worth $484,137,000 after buying an additional 3,219,519 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of CSRA by 551.3% in the first quarter. Prudential Financial Inc. now owns 1,249,629 shares of the technology company’s stock worth $36,602,000 after buying an additional 1,057,757 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its stake in shares of CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock worth $189,902,000 after buying an additional 815,575 shares in the last quarter. Institutional investors own 93.70% of the company’s stock.
CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.
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