CSRA (CSRA) Downgraded by SunTrust Banks

CSRA (NYSE:CSRA) was downgraded by analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Marketbeat reports. They presently have a $40.75 price target on the technology company’s stock. SunTrust Banks’ price objective would suggest a potential upside of 0.59% from the stock’s current price. SunTrust Banks also issued estimates for CSRA’s FY2020 earnings at $2.41 EPS.

Several other research analysts have also recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of CSRA in a report on Tuesday. Drexel Hamilton cut shares of CSRA from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus cut shares of CSRA from a “buy” rating to a “hold” rating 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 target for the company in a report on Monday. Finally, Wells Fargo & Co cut 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.88.

Shares of CSRA (NYSE:CSRA) traded down $0.07 during midday trading on Wednesday, reaching $40.51. 5,445,747 shares of the company were exchanged, compared to its average volume of 3,007,491. The firm has a market capitalization of $6,620.87, a PE ratio of 17.69, a P/E/G ratio of 2.08 and a beta of 1.81. 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 has a 52-week low of $27.38 and a 52-week high of $40.65.

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

Several hedge funds have recently made changes to their positions in CSRA. Iridian Asset Management LLC CT bought a new stake in shares of CSRA in the fourth quarter worth $59,049,000. Thrivent Financial For Lutherans raised its position in CSRA by 16,361.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,066,690 shares of the technology company’s stock worth $31,915,000 after acquiring an additional 1,060,210 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in CSRA during the third quarter worth $22,242,000. Sunriver Management LLC bought a new stake in CSRA during the fourth quarter worth $16,952,000. Finally, American Century Companies Inc. raised its position in CSRA by 84.9% during the fourth quarter. American Century Companies Inc. now owns 1,085,812 shares of the technology company’s stock worth $32,487,000 after acquiring an additional 498,708 shares in the last quarter. 95.91% of the stock is currently owned by institutional investors and hedge funds.

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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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