CSRA (CSRA) Given “Market Perform” Rating at Raymond James Financial

CSRA (NYSE:CSRA)‘s stock had its “market perform” rating reiterated by investment analysts at Raymond James Financial in a research report issued on Tuesday.

CSRA has been the topic of several other reports. Drexel Hamilton downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen reaffirmed a “hold” rating and set a $35.00 target price on shares of CSRA in a research note on Wednesday, February 7th. Jefferies Group set a $35.00 target price on shares of CSRA and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Wells Fargo & Co downgraded shares of CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research note on Monday. Finally, Zacks Investment Research raised shares of CSRA from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. CSRA currently has an average rating of “Hold” and an average target price of $36.70.

CSRA (CSRA) traded up $0.19 during trading on Tuesday, hitting $40.58. 15,869,789 shares of the stock were exchanged, compared to its average volume of 2,914,073. The stock has a market cap of $5,052.13, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.81. CSRA has a twelve month low of $27.38 and a twelve month high of $40.65. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. equities research analysts forecast that CSRA will post 2.05 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of CSRA in the 4th quarter valued at approximately $127,000. Neuberger Berman Group LLC purchased a new stake in shares of CSRA in the 3rd quarter valued at approximately $211,000. Intact Investment Management Inc. purchased a new stake in shares of CSRA in the 3rd quarter valued at approximately $223,000. Boothbay Fund Management LLC purchased a new stake in shares of CSRA in the 3rd quarter valued at approximately $234,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of CSRA in the 4th quarter valued at approximately $237,000. 95.91% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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