CSRA (CSRA) Downgraded by Stifel Nicolaus

CSRA (NYSE:CSRA) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports.

CSRA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Monday. Wells Fargo & Co cut shares of CSRA from an “outperform” rating to a “market perform” rating in a research note on Monday. Jefferies Group set a $35.00 target price on shares of CSRA and gave the company a “hold” rating in a research note on Wednesday, February 7th. Cowen reiterated a “hold” rating and issued a $35.00 target price on shares of CSRA in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada set a $41.00 target price on shares of CSRA and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. CSRA currently has an average rating of “Hold” and a consensus target price of $36.70.

Shares of CSRA (CSRA) traded up $9.58 on Monday, reaching $40.40. 41,938,434 shares of the company were exchanged, compared to its average volume of 2,348,441. CSRA has a 52-week low of $27.38 and a 52-week high of $40.58. The stock has a market capitalization of $5,052.13, a P/E ratio of 17.66, a PEG ratio of 1.59 and a beta of 1.81. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04.

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

Institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC acquired a new stake in shares of CSRA in the third quarter worth $211,000. Intact Investment Management Inc. acquired a new stake in shares of CSRA in the third quarter worth $223,000. Boothbay Fund Management LLC acquired a new stake in shares of CSRA in the third quarter worth $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of CSRA in the fourth quarter worth $237,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of CSRA in the third quarter worth $259,000. Institutional investors and hedge funds own 95.91% of the company’s stock.

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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.

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