CSRA Inc. (NYSE:CSRA) Given Average Recommendation of “Buy” by Brokerages
Shares of CSRA Inc. (NYSE:CSRA) have been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.50.
A number of research firms recently weighed in on CSRA. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 price objective on shares of CSRA in a report on Sunday, August 6th. Cowen and Company restated a “market perform” rating and issued a $35.00 price objective (up from $32.00) on shares of CSRA in a report on Thursday. Finally, Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a report on Tuesday.
In other news, insider Lawrence B. Prior III purchased 49,500 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares of the company’s stock, valued at approximately $2,326,235. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total transaction of $601,600.00. Following the sale, the chief financial officer now directly owns 8,202 shares in the company, valued at approximately $246,716.16. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its stake in shares of CSRA by 0.3% in the second quarter. CIBC Asset Management Inc now owns 15,459 shares of the technology company’s stock worth $491,000 after buying an additional 41 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of CSRA by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the technology company’s stock worth $286,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in shares of CSRA by 0.3% in the second quarter. Arizona State Retirement System now owns 36,029 shares of the technology company’s stock worth $1,144,000 after buying an additional 100 shares during the period. Mason Street Advisors LLC boosted its stake in shares of CSRA by 0.8% in the first quarter. Mason Street Advisors LLC now owns 20,061 shares of the technology company’s stock worth $588,000 after buying an additional 164 shares during the period. Finally, Advantus Capital Management Inc boosted its position in CSRA by 1.2% in the first quarter. Advantus Capital Management Inc now owns 14,433 shares of the technology company’s stock worth $423,000 after buying an additional 165 shares during the period. 93.77% of the stock is currently owned by institutional investors and hedge funds.
CSRA (NYSE CSRA) traded down 0.37% on Friday, hitting $32.23. The stock had a trading volume of 1,049,234 shares. The company has a 50 day moving average of $32.47 and a 200 day moving average of $30.57. The company has a market capitalization of $5.27 billion, a PE ratio of 16.79 and a beta of 1.94. CSRA has a 12-month low of $24.48 and a 12-month high of $33.67.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating the Zacks’ 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 return on equity of 101.22% and a net margin of 6.36%. CSRA’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities analysts expect that CSRA will post $1.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. CSRA’s dividend payout ratio (DPR) is currently 20.94%.
CSRA Company Profile
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.
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