CSRA Inc. (CSRA) Given Buy Rating at Royal Bank Of Canada
CSRA Inc. (NYSE:CSRA)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Sunday. They presently have a $38.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 16.71% from the stock’s previous close.
Separately, Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $34.63.
CSRA (NYSE CSRA) traded down 0.52% on Friday, reaching $32.56. The company had a trading volume of 476,208 shares. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 17.70 and a beta of 1.94. CSRA has a one year low of $24.48 and a one year high of $33.67. The company’s 50 day moving average is $32.43 and its 200-day moving average is $30.54.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, May 24th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. CSRA had a net margin of 6.09% and a return on equity of 128.47%. CSRA’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, equities research analysts expect that CSRA will post $1.97 earnings per share for the current fiscal year.
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In other CSRA news, insider Lawrence B. Prior III purchased 49,500 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the purchase, the insider now directly owns 76,270 shares in the company, valued at $2,326,235. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction 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. 0.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CSRA. Cadence Capital Management LLC purchased a new position in shares of CSRA during the second quarter worth approximately $680,000. Blair William & Co. IL increased its position in shares of CSRA by 2.1% in the second quarter. Blair William & Co. IL now owns 87,850 shares of the technology company’s stock worth $2,789,000 after buying an additional 1,783 shares during the last quarter. Pegasus Partners Ltd. purchased a new position in shares of CSRA during the second quarter worth approximately $3,039,000. BNP Paribas Arbitrage SA increased its position in shares of CSRA by 153.4% in the second quarter. BNP Paribas Arbitrage SA now owns 218,375 shares of the technology company’s stock worth $6,933,000 after buying an additional 132,203 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of CSRA by 4.0% in the second quarter. Legal & General Group Plc now owns 666,061 shares of the technology company’s stock worth $21,148,000 after buying an additional 25,546 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.
CSRA Company Profile
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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