ValuEngine Downgrades CSRA Inc. (CSRA) to Hold
ValuEngine lowered shares of CSRA Inc. (NYSE:CSRA) from a buy rating to a hold rating in a research report released on Friday.
A number of other research analysts have also commented on CSRA. Jefferies Group LLC reaffirmed a hold rating and set a $35.00 price objective on shares of CSRA in a research report on Thursday, October 5th. Cowen and Company reaffirmed a market perform rating and set a $35.00 price objective (up previously from $32.00) on shares of CSRA in a research report on Thursday, August 10th. BidaskClub raised shares of CSRA from a sell rating to a hold rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating and set a $36.00 target price on the stock in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $38.00 target price on shares of CSRA in a research note on Sunday, August 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $36.50.
CSRA (CSRA) opened at $28.54 on Friday. The company has a market cap of $4,720.14, a PE ratio of 15.09, a PEG ratio of 1.47 and a beta of 1.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.68. CSRA has a 52-week low of $27.65 and a 52-week high of $33.67.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a net margin of 6.13% and a return on equity of 73.90%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. sell-side analysts forecast that CSRA will post 1.96 EPS for the current fiscal year.
In other CSRA news, EVP John Reing sold 20,298 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at $145,967,514. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in CSRA by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after buying an additional 1,269 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in CSRA during the second quarter worth about $120,000. GLG Partners LP bought a new stake in CSRA during the second quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CSRA by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after purchasing an additional 607 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of CSRA during the third quarter worth approximately $223,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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