Vertical Research Initiates Coverage on CSRA Inc (CSRA)
Research analysts at Vertical Research started coverage on shares of CSRA Inc (NYSE:CSRA) in a report released on Thursday. The brokerage set a “hold” rating and a $32.00 price target on the stock. Vertical Research’s price target suggests a potential upside of 9.36% from the company’s current price.
Several other equities research analysts have also recently commented on CSRA. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, November 21st. Drexel Hamilton started coverage on CSRA in a research note on Tuesday, November 22nd. They set a “buy” rating and a $38.00 target price for the company. Royal Bank of Canada started coverage on CSRA in a research note on Wednesday, January 11th. They set an “outperform” rating and a $37.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of CSRA in a research note on Wednesday, February 8th. Finally, TheStreet raised CSRA from a “d+” rating to a “c” rating in a research note on Tuesday, February 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.20.
Shares of CSRA (NYSE:CSRA) opened at 29.26 on Thursday. CSRA has a 52 week low of $21.95 and a 52 week high of $33.54. The stock’s 50 day moving average price is $30.23 and its 200-day moving average price is $29.41. The company has a market cap of $4.77 billion, a PE ratio of 24.69 and a beta of 2.23.
CSRA (NYSE:CSRA) last released its earnings results on Tuesday, February 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. CSRA had a return on equity of 173.82% and a net margin of 3.88%. The business earned $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Analysts expect that CSRA will post $2.01 EPS for the current year.
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In other CSRA news, EVP Paul Nedzbala sold 15,336 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $30.38, for a total value of $465,907.68. Following the completion of the sale, the executive vice president now owns 405 shares of the company’s stock, valued at $12,303.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.
A number of large investors have recently made changes to their positions in CSRA. Seven Eight Capital LP purchased a new stake in shares of CSRA during the fourth quarter worth approximately $111,000. LS Investment Advisors LLC boosted its stake in shares of CSRA by 26.9% in the third quarter. LS Investment Advisors LLC now owns 6,837 shares of the company’s stock worth $184,000 after buying an additional 1,448 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of CSRA during the third quarter worth approximately $201,000. Allen Investment Management LLC purchased a new stake in shares of CSRA during the third quarter worth approximately $206,000. Finally, Norinchukin Bank The purchased a new stake in shares of CSRA during the third quarter worth approximately $210,000. 90.66% of the stock is 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.
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