Perspecta Inc (NASDAQ:PRSP) Given Consensus Rating of “Hold” by Brokerages
Shares of Perspecta Inc (NASDAQ:PRSP) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.33.
PRSP has been the subject of a number of research reports. Cowen cut shares of Perspecta from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $28.00 to $26.00 in a report on Monday, June 10th. Loop Capital lifted their price target on shares of Perspecta to $22.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Morgan Stanley set a $21.00 price objective on shares of Perspecta and gave the company a “sell” rating in a report on Monday, June 17th. Finally, Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, August 20th.
In other news, Director Philip O. Nolan bought 4,257 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $23.37 per share, for a total transaction of $99,486.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Philip O. Nolan purchased 4,366 shares of Perspecta stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average cost of $22.98 per share, with a total value of $100,330.68. The disclosure for this purchase can be found here.
Shares of Perspecta stock traded up $0.29 on Friday, reaching $26.02. 628,123 shares of the company’s stock were exchanged, compared to its average volume of 798,717. Perspecta has a 52 week low of $15.74 and a 52 week high of $26.64. The firm’s 50-day moving average is $24.29 and its two-hundred day moving average is $22.77.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 47.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%.
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