CSRA (NYSE:CSRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “CSRA’s second-quarter fiscal 2018 bottom-line figure was negatively impacted by declining margins. Nevertheless, the top-line benefitted from contract wins based on its deep domain knowledge and expertise in next-generation IT services. The company's strong partnerships with the likes of Amazon Web Services, ServiceNow, Microsoft, Cisco Systems, VMware and Oracle are additional tailwinds. However, the lower recompete win rate is a concern in our view.  Additionally, the recently announced acquisition of Praxis Engineering which is to be completed in the current quarter is expected to weigh on EBITDA margin in the second half of 2018. Notably, the company has underperformed the industry on a year-to-date basis.”

Several other brokerages have also recently weighed in on CSRA. Cowen restated a “market perform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. SunTrust Banks upgraded CSRA from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $39.00 in a report on Friday, September 15th. BidaskClub cut CSRA from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Finally, Vertical Research cut CSRA from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. CSRA currently has a consensus rating of “Hold” and a consensus price target of $36.50.

CSRA (NYSE CSRA) traded up $0.55 during mid-day trading on Tuesday, reaching $29.24. The company’s stock had a trading volume of 1,591,300 shares, compared to its average volume of 1,053,578. The company has a market cap of $4,698.85, a PE ratio of 15.02, a PEG ratio of 1.47 and a beta of 1.70. 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 has a 52-week low of $27.38 and a 52-week high of $33.67.

CSRA (NYSE:CSRA) last released its earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a return on equity of 79.44% and a net margin of 6.35%. CSRA’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. equities analysts expect that CSRA will post 1.95 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CSRA. Northwestern Mutual Wealth Management Co. lifted its stake in CSRA by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,269 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in CSRA in the 2nd quarter valued at about $120,000. GLG Partners LP acquired a new stake in CSRA in the 2nd quarter valued at about $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CSRA by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after purchasing an additional 607 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in CSRA in the 3rd quarter valued at about $211,000. Institutional investors own 94.74% of the company’s stock.

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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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