CSRA Inc. (NYSE:CSRA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on CSRA. Jefferies Group LLC reissued a “hold” rating and set a $35.00 target price on shares of CSRA in a report on Thursday. Vertical Research lowered shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday. Cowen and Company restated a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Monday, September 18th. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, SunTrust Banks, Inc. upgraded shares of CSRA from a “hold” rating to a “buy” rating and increased their target price for the company from $34.00 to $39.00 in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.89.

Shares of CSRA (NYSE:CSRA) opened at 31.35 on Friday. The firm’s 50-day moving average is $31.87 and its 200-day moving average is $31.01. CSRA has a 12-month low of $24.48 and a 12-month high of $33.67. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 16.33 and a beta of 1.95.

CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities research analysts forecast that CSRA will post $1.97 EPS for the current fiscal year.

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In other news, Director Craig L. Martin bought 20,000 shares of CSRA stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $32.31 per share, with a total value of $646,200.00. Following the completion of the transaction, the director now directly owns 33,500 shares in the company, valued at $1,082,385. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in shares of CSRA by 26.2% in the second quarter. Toronto Dominion Bank now owns 47,433 shares of the technology company’s stock valued at $1,506,000 after buying an additional 9,848 shares during the last quarter. Oak Associates Ltd. OH raised its holdings in shares of CSRA by 7.9% in the second quarter. Oak Associates Ltd. OH now owns 327,408 shares of the technology company’s stock valued at $10,395,000 after buying an additional 24,030 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of CSRA by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 76,605 shares of the technology company’s stock valued at $2,432,000 after buying an additional 23,250 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of CSRA in the second quarter valued at about $436,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of CSRA by 700.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,132 shares of the technology company’s stock valued at $2,068,000 after buying an additional 56,997 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

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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