Wells Fargo & Co Downgrades CSRA (CSRA) to Market Perform

CSRA (NYSE:CSRA) was downgraded by Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report released on Monday, Marketbeat Ratings reports. They currently have a $42.00 target price on the technology company’s stock. Wells Fargo & Co’s price objective would suggest a potential upside of 3.68% from the company’s current price.

CSRA has been the subject of a number of other research reports. BidaskClub downgraded shares of CSRA from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Stifel Nicolaus restated a “buy” rating and set a $39.00 price objective on shares of CSRA in a report on Tuesday, November 21st. Royal Bank of Canada set a $41.00 price objective on shares of CSRA and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Jefferies Group restated a “hold” rating and set a $33.00 price objective on shares of CSRA in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.88.

CSRA (CSRA) remained flat at $$40.51 during trading on Monday. 4,624,336 shares of the company’s stock traded hands, compared to its average volume of 3,054,298. CSRA has a 1-year low of $27.38 and a 1-year high of $40.65. The stock has a market capitalization of $6,652.12, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 2.09 and a beta of 1.81. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 4.39.

CSRA (NYSE:CSRA) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. analysts predict that CSRA will post 2.04 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of CSRA by 2.2% in the second quarter. PNC Financial Services Group Inc. now owns 13,886 shares of the technology company’s stock valued at $441,000 after acquiring an additional 299 shares during the period. Advisor Group Inc. boosted its position in shares of CSRA by 18.6% in the fourth quarter. Advisor Group Inc. now owns 9,925 shares of the technology company’s stock valued at $298,000 after acquiring an additional 1,560 shares during the period. New Mexico Educational Retirement Board boosted its position in shares of CSRA by 12.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,687 shares of the technology company’s stock valued at $469,000 after acquiring an additional 1,700 shares during the period. Amalgamated Bank boosted its position in shares of CSRA by 5.3% in the fourth quarter. Amalgamated Bank now owns 34,952 shares of the technology company’s stock valued at $1,046,000 after acquiring an additional 1,744 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of CSRA by 2.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 66,981 shares of the technology company’s stock valued at $2,161,000 after acquiring an additional 1,849 shares during the period. Hedge funds and other institutional investors own 95.91% of the company’s stock.

WARNING: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/12/csra-csra-stock-rating-lowered-by-wells-fargo-co.html.

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)

Receive News & Ratings for CSRA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSRA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply