Cowen Reiterates Hold Rating for CSRA (CSRA)

CSRA (NYSE:CSRA)‘s stock had its “hold” rating reissued by research analysts at Cowen in a note issued to investors on Wednesday. They presently have a $35.00 price objective on the technology company’s stock. Cowen’s price target would indicate a potential upside of 13.56% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded CSRA from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Wells Fargo & Co upped their target price on CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. TheStreet raised CSRA from a “c” rating to a “b-” rating in a report on Monday, December 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 target price on shares of CSRA in a report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $37.00 target price on CSRA and gave the company a “buy” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. CSRA has an average rating of “Hold” and an average price target of $36.90.

Shares of CSRA (NYSE:CSRA) traded down $0.03 during trading on Wednesday, hitting $30.82. The stock had a trading volume of 1,730,506 shares, compared to its average volume of 976,042. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.05 and a current ratio of 1.04. The firm has a market capitalization of $5,050.00 and a price-to-earnings ratio of 13.46. CSRA has a twelve month low of $27.38 and a twelve month high of $33.79.

CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. equities research analysts expect that CSRA will post 2.05 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp raised its position in CSRA by 6.6% during the second quarter. Stifel Financial Corp now owns 61,809 shares of the technology company’s stock valued at $1,970,000 after buying an additional 3,839 shares during the period. Janus Henderson Group PLC raised its position in CSRA by 6,259.0% during the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock valued at $9,263,000 after buying an additional 287,165 shares during the period. First Trust Advisors LP raised its position in CSRA by 23.8% during the third quarter. First Trust Advisors LP now owns 324,550 shares of the technology company’s stock valued at $10,473,000 after buying an additional 62,496 shares during the period. Delta Asset Management LLC TN raised its position in CSRA by 2.7% during the third quarter. Delta Asset Management LLC TN now owns 158,248 shares of the technology company’s stock valued at $5,107,000 after buying an additional 4,187 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in CSRA during the second quarter valued at $947,000. 94.68% of the stock is currently 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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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