CSRA Inc. (CSRA) Earns “Buy” Rating from Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of CSRA Inc. (NYSE:CSRA) in a research report sent to investors on Thursday morning. Jefferies Group currently has a $35.00 price objective on the stock.
A number of other research firms have also weighed in on CSRA. Stifel Nicolaus lowered their price target on shares of CSRA from $41.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, May 26th. Zacks Investment Research lowered shares of CSRA from a hold rating to a sell rating in a research report on Wednesday, July 20th. SunTrust Banks Inc. lowered their price target on shares of CSRA from $30.00 to $28.00 and set a neutral rating on the stock in a research report on Friday, May 27th. Finally, Wells Fargo & Co. restated an outperform rating and set a $32.00 price target on shares of CSRA in a research report on Saturday, June 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. CSRA presently has a consensus rating of Buy and an average price target of $33.22.
CSRA (NYSE:CSRA) opened at 26.20 on Thursday. The stock’s 50 day moving average is $25.97 and its 200-day moving average is $25.36. The stock has a market capitalization of $4.29 billion and a price-to-earnings ratio of 50.38. CSRA has a 12 month low of $20.98 and a 12 month high of $33.44.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. CSRA’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts expect that CSRA will post $1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%.
In related news, Director John M. Lawrie sold 48,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total transaction of $1,270,560.00. Following the sale, the director now directly owns 450,113 shares of the company’s stock, valued at approximately $11,914,491.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lawrence B. Prior III bought 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $25.54 per share, for a total transaction of $100,065.72. Following the completion of the purchase, the insider now owns 20,614 shares in the company, valued at $526,481.56. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in CSRA. Exxonmobil Investment Management Inc. TX increased its stake in shares of CSRA by 7.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 35,507 shares of the company’s stock valued at $832,000 after buying an additional 2,328 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of CSRA by 1.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 117,810 shares of the company’s stock valued at $2,760,000 after buying an additional 2,196 shares during the last quarter. Alpha Windward LLC increased its stake in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of CSRA by 2.3% in the second quarter. Capstone Asset Management Co. now owns 9,901 shares of the company’s stock valued at $232,000 after buying an additional 220 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of CSRA during the second quarter valued at $351,000. 86.88% of the stock is currently owned by hedge funds and other institutional investors.
CSRA Inc, formerly Computer Sciences Government Services Inc, is a provider of information technology services. The Company offers mission- and operations-related services across the United States federal government to Department of Defense (DoD), Intelligence Community and homeland security, civil and healthcare agencies.
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