Latest Stocks: CSRA Inc (CSRA) Receives Consensus Rating of “Buy” from Brokerages

Latest Stocks: CSRA Inc (CSRA) Receives Consensus Rating of “Buy” from Brokerages

CSRA Inc (NYSE:CSRA) has earned an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.63.

CSRA has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Wednesday, February 8th. TheStreet raised shares of CSRA from a “d+” rating to a “c” rating in a research note on Tuesday, February 7th. Loop Capital initiated coverage on shares of CSRA in a research note on Tuesday, February 14th. They set a “buy” rating and a $36.00 price objective for the company. Cowen and Company downgraded shares of CSRA from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Monday, March 6th. Finally, Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a research note on Monday, March 13th.

CSRA (CSRA) opened at 30.95 on Tuesday. The company’s 50 day moving average is $29.41 and its 200-day moving average is $30.43. CSRA has a 1-year low of $21.95 and a 1-year high of $33.54. The stock has a market capitalization of $5.05 billion, a PE ratio of 16.82 and a beta of 2.23. CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. CSRA had a net margin of 3.88% and a return on equity of 173.82%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts forecast that CSRA will post $1.95 earnings per share for the current fiscal year.

In other CSRA news, CFO David F. Keffer sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the completion of the transaction, the chief financial officer now owns 8,202 shares in the company, valued at approximately $246,716.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence B. Prior III bought 49,500 shares of CSRA stock in a transaction dated 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 purchase, the insider now owns 76,270 shares in the company, valued at approximately $2,326,235. The disclosure for this purchase 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. Bank of Nova Scotia purchased a new position in shares of CSRA during the first quarter valued at about $875,000. Janus Capital Management LLC boosted its position in shares of CSRA by 725.8% in the first quarter. Janus Capital Management LLC now owns 138,740 shares of the technology company’s stock valued at $4,064,000 after buying an additional 121,940 shares during the period. Oak Associates Ltd. OH boosted its position in shares of CSRA by 231.8% in the first quarter. Oak Associates Ltd. OH now owns 303,378 shares of the technology company’s stock valued at $8,886,000 after buying an additional 211,947 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of CSRA by 10.0% in the first quarter. Tudor Investment Corp ET AL now owns 42,767 shares of the technology company’s stock valued at $1,253,000 after buying an additional 3,894 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of CSRA during the first quarter valued at about $382,000. Institutional investors own 90.66% of the company’s stock.

Related posts

Leave a Comment