ValuEngine Upgrades CSRA (CSRA) to Buy

CSRA (NYSE:CSRA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts have also weighed in on CSRA. Jefferies Group restated a “hold” rating and set a $35.00 price objective on shares of CSRA in a research report on Thursday, October 5th. Cowen reaffirmed a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. BidaskClub raised CSRA from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.50.

CSRA (CSRA) traded down $0.24 on Friday, hitting $28.69. The stock had a trading volume of 1,220,000 shares, compared to its average volume of 1,296,053. CSRA has a 52 week low of $27.38 and a 52 week high of $33.67. The firm has a market capitalization of $4,698.85, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.74. The company has a debt-to-equity ratio of 5.68, a quick ratio of 1.05 and a current ratio of 1.05.

CSRA (NYSE:CSRA) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. analysts forecast that CSRA will post 1.95 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Prudential PLC raised its position in shares of CSRA by 42.5% in the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after buying an additional 730,300 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in CSRA in the 3rd quarter worth approximately $22,242,000. Schwab Charles Investment Management Inc. grew its position in CSRA by 51.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after purchasing an additional 331,532 shares during the period. Janus Henderson Group PLC grew its position in CSRA by 6,259.0% in the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after purchasing an additional 287,165 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new stake in CSRA in the 3rd quarter worth approximately $8,630,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

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About CSRA

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CSRA (NYSE:CSRA)

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