CSRA Inc. (CSRA) Rating Reiterated by Jefferies Group LLC
CSRA Inc. (NYSE:CSRA)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a report released on Thursday, Marketbeat Ratings reports. They currently have a $35.00 target price on the technology company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 10.69% from the stock’s previous close.
Several other research analysts also recently commented on the company. Zacks Investment Research upgraded CSRA from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, September 8th. SunTrust Banks, Inc. upgraded CSRA from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating on shares of CSRA in a research note on Tuesday, August 15th. BidaskClub downgraded CSRA from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Finally, Vertical Research downgraded CSRA from a “hold” rating to a “sell” rating and set a $31.00 target price for the company. in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.89.
CSRA (CSRA) traded down 1.13% on Thursday, reaching $31.62. The company had a trading volume of 992,216 shares. The stock’s 50-day moving average price is $31.90 and its 200-day moving average price is $30.99. CSRA has a 12-month low of $24.48 and a 12-month high of $33.67. The stock has a market capitalization of $5.17 billion, a P/E ratio of 16.47 and a beta of 1.95.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that CSRA will post $1.97 EPS for the current fiscal year.
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In other news, Director Craig L. Martin acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $32.31 per share, with a total value of $646,200.00. Following the acquisition, the director now owns 33,500 shares in the company, valued at approximately $1,082,385. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Reing sold 20,298 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the transaction, the executive vice president now directly owns 4,587 shares in the company, valued at $145,967,514. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of CSRA during the 1st quarter valued at about $102,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CSRA by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after buying an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of CSRA during the 2nd quarter valued at about $120,000. GLG Partners LP purchased a new position in shares of CSRA during the 2nd quarter valued at about $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CSRA by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after buying an additional 607 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.
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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