CSRA (CSRA) Rating Increased to B- at TheStreet
CSRA (NYSE:CSRA) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.
A number of other brokerages have also commented on CSRA. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of CSRA in a research report on Sunday, August 6th. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating and set a $36.00 price objective on the stock in a research note on Tuesday, August 8th. Cowen reiterated a “market perform” rating and set a $35.00 price objective (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Finally, SunTrust Banks upgraded shares of CSRA from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.00 to $39.00 in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. CSRA has an average rating of “Hold” and a consensus target price of $36.50.
Shares of CSRA (NYSE:CSRA) traded down $0.26 during trading hours on Monday, hitting $28.98. 1,106,000 shares of the company were exchanged, compared to its average volume of 1,053,802. 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 1 year low of $27.38 and a 1 year high of $33.67. The company has a market cap of $4,740.00 and a P/E ratio of 15.31.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). CSRA had a return on equity of 79.44% and a net margin of 6.35%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts predict that CSRA will post 1.95 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in shares of CSRA by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the technology company’s stock worth $286,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE increased its holdings in CSRA by 23.6% in the second quarter. US Bancorp DE now owns 29,390 shares of the technology company’s stock valued at $933,000 after buying an additional 5,612 shares in the last quarter. NGAM Advisors L.P. increased its holdings in CSRA by 10.4% in the second quarter. NGAM Advisors L.P. now owns 30,157 shares of the technology company’s stock valued at $957,000 after buying an additional 2,836 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in CSRA by 7.2% in the second quarter. Great West Life Assurance Co. Can now owns 288,905 shares of the technology company’s stock valued at $9,171,000 after buying an additional 19,325 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in CSRA by 0.3% in the second quarter. CIBC Asset Management Inc now owns 15,459 shares of the technology company’s stock valued at $491,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.
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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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