CA (NASDAQ:CA) had its price target lifted by analysts at Credit Suisse Group from $34.00 to $36.00 in a report released on Wednesday. The brokerage currently has a “neutral” rating on the technology company’s stock. Credit Suisse Group’s target price indicates a potential upside of 0.42% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, October 30th. Barclays cut their price target on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Mizuho reiterated a “hold” rating and set a $34.00 price target on shares of CA in a report on Wednesday, October 25th. Finally, BidaskClub upgraded shares of CA from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. CA currently has an average rating of “Hold” and a consensus target price of $33.90.
Shares of CA (NASDAQ CA) traded up $0.30 during trading hours on Wednesday, reaching $35.85. 4,523,250 shares of the company traded hands, compared to its average volume of 2,020,000. The company has a market cap of $15,000.00, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 4.75 and a beta of 0.74. CA has a one year low of $30.45 and a one year high of $36.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24.
A number of hedge funds have recently modified their holdings of CA. D.A. Davidson & CO. grew its stake in CA by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after acquiring an additional 169 shares in the last quarter. FMR LLC boosted its stake in shares of CA by 11.5% during the second quarter. FMR LLC now owns 436,699 shares of the technology company’s stock valued at $15,053,000 after purchasing an additional 44,883 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of CA by 32.0% during the second quarter. Advisor Group Inc. now owns 7,946 shares of the technology company’s stock valued at $273,000 after purchasing an additional 1,928 shares in the last quarter. Prudential PLC boosted its stake in shares of CA by 20.9% during the second quarter. Prudential PLC now owns 10,400 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Sii Investments Inc. WI boosted its stake in shares of CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 68.75% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Credit Suisse Group Raises CA (CA) Price Target to $36.00” was originally reported by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/31/credit-suisse-group-raises-ca-ca-price-target-to-36-00.html.
About CA
CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.
