Perspecta Inc (PRSP) Given Consensus Recommendation of “Buy” by Analysts

Shares of Perspecta Inc (NASDAQ:PRSP) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.00.

A number of research firms recently issued reports on PRSP. Wells Fargo & Co raised Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Zacks Investment Research raised Perspecta from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, August 22nd. Stifel Nicolaus began coverage on Perspecta in a report on Tuesday, October 16th. They set a “buy” rating and a $35.00 target price on the stock. Cowen reaffirmed a “buy” rating and set a $32.00 target price on shares of Perspecta in a report on Thursday, August 2nd. Finally, Loop Capital began coverage on Perspecta in a report on Thursday, August 9th. They set a “hold” rating and a $23.00 target price on the stock.

Shares of NASDAQ PRSP opened at $23.39 on Friday. Perspecta has a fifty-two week low of $19.84 and a fifty-two week high of $27.68.

Perspecta (NASDAQ:PRSP) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $793.00 million for the quarter, compared to the consensus estimate of $1.05 billion.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Wednesday, September 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, September 4th.

Large investors have recently added to or reduced their stakes in the stock. Global X Management Co LLC acquired a new position in Perspecta during the second quarter worth about $105,000. Advisors Asset Management Inc. purchased a new position in Perspecta in the 2nd quarter worth about $107,000. Acadian Asset Management LLC purchased a new position in Perspecta in the 3rd quarter worth about $117,000. Westpac Banking Corp purchased a new position in Perspecta in the 2nd quarter worth about $147,000. Finally, Oldfield Partners LLP purchased a new position in Perspecta in the 2nd quarter worth about $171,000.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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Analyst Recommendations for Perspecta (NASDAQ:PRSP)

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