Drexel Hamilton Lowers CSRA (CSRA) to Hold

CSRA (NYSE:CSRA) was downgraded by investment analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts have also weighed in on CSRA. Cowen reaffirmed a “hold” rating and set a $35.00 price target on shares of CSRA in a report on Wednesday, February 7th. Jefferies Group set a $35.00 price target on shares of CSRA and gave the company a “hold” rating in a report on Wednesday, February 7th. Wells Fargo & Co lowered shares of CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Monday. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Monday. Finally, Stifel Nicolaus downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.70.

CSRA (CSRA) traded up $0.23 on Tuesday, reaching $40.62. 11,917,404 shares of the company were exchanged, compared to its average volume of 2,725,127. The firm has a market cap of $5,052.13, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.81. CSRA has a 1-year low of $27.38 and a 1-year high of $40.63. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04.

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 the Zacks’ 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 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 last year, the business earned $0.48 EPS. analysts forecast that CSRA will post 2.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSRA. Ameritas Investment Partners Inc. acquired a new stake in shares of CSRA in the 1st quarter worth about $102,000. Seven Eight Capital LP acquired a new position in shares of CSRA in the fourth quarter worth about $111,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CSRA by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after buying an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of CSRA in the second quarter worth about $120,000. Finally, Alpha Windward LLC boosted its holdings in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the technology company’s stock worth $107,000 after buying an additional 3,194 shares during the period. Hedge funds and other institutional investors 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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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