Jefferies Group Reiterates “Buy” Rating for CSRA Inc. (CSRA)
CSRA Inc. (NYSE:CSRA)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research note issued on Thursday. They presently have a $35.00 price target on the stock. Jefferies Group’s price target would indicate a potential upside of 36.24% from the stock’s previous close.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Wells Fargo & Co. restated an “outperform” rating and issued a $32.00 price target on shares of CSRA in a research report on Saturday, June 25th. SunTrust Banks Inc. reduced their price target on shares of CSRA from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Finally, Stifel Nicolaus reduced their price target on shares of CSRA from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.22.
Shares of CSRA (NYSE:CSRA) opened at 25.69 on Thursday. The stock has a market cap of $4.20 billion and a P/E ratio of 49.40. The company’s 50-day moving average is $26.06 and its 200-day moving average is $25.36. CSRA has a 12-month low of $20.98 and a 12-month high of $33.44.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts expect that CSRA will post $1.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st will be issued a $0.10 dividend. The ex-dividend date is Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%.
In other CSRA news, EVP John Reing sold 12,926 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $26.63, for a total transaction of $344,219.38. Following the transaction, the executive vice president now owns 33,895 shares of the company’s stock, valued at approximately $902,623.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John M. Lawrie sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total transaction of $1,270,560.00. Following the transaction, the director now directly owns 450,113 shares in the company, valued at approximately $11,914,491.11. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Alpha Windward LLC boosted its position in CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of CSRA during the second quarter valued at about $112,000. Northwestern Mutual Investment Management Company LLC boosted its position in shares of CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock valued at $123,000 after buying an additional 29 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock valued at $208,000 after buying an additional 1,150 shares in the last quarter. Finally, Invictus RG boosted its position in shares of CSRA by 335.1% in the second quarter. Invictus RG now owns 9,585 shares of the company’s stock valued at $225,000 after buying an additional 7,382 shares in the last quarter. 86.88% of the stock is currently owned by hedge funds and other institutional investors.
CSRA Inc, formerly Computer Sciences Government Services Inc, is a provider of information technology services. The Company offers mission- and operations-related services across the United States federal government to Department of Defense (DoD), Intelligence Community and homeland security, civil and healthcare agencies.
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