Computer Sciences Corp. (CSC) Stock Rating Upgraded by Citigroup Inc.
Computer Sciences Corp. (NYSE:CSC) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $61.00 price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 12.57% from the stock’s current price.
A number of other research firms have also recently issued reports on CSC. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Computer Sciences Corp. in a report on Monday, August 8th. Barclays PLC raised their price target on shares of Computer Sciences Corp. from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, October 11th. Zacks Investment Research raised shares of Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Monday, July 11th. Morgan Stanley decreased their price target on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, August 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 price target on shares of Computer Sciences Corp. in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Computer Sciences Corp. currently has an average rating of “Hold” and a consensus price target of $49.33.
Computer Sciences Corp. (NYSE:CSC) opened at 54.19 on Thursday. Computer Sciences Corp. has a one year low of $24.27 and a one year high of $54.56. The company has a market cap of $7.61 billion, a P/E ratio of 111.96 and a beta of 1.23. The company has a 50-day moving average of $49.77 and a 200 day moving average of $44.67.
Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.08. The business earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. Analysts anticipate that Computer Sciences Corp. will post $2.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.03%. Computer Sciences Corp.’s dividend payout ratio (DPR) is 130.23%.
In other news, Chairman John M. Lawrie sold 5,600 shares of Computer Sciences Corp. stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $47.61, for a total value of $266,616.00. Following the sale, the chairman now owns 392,629 shares in the company, valued at $18,693,066.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John M. Lawrie sold 6,400 shares of Computer Sciences Corp. stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $47.95, for a total transaction of $306,880.00. Following the completion of the sale, the chairman now owns 398,829 shares in the company, valued at approximately $19,123,850.55. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in CSC. Creative Planning raised its position in Computer Sciences Corp. by 31.6% in the third quarter. Creative Planning now owns 2,150 shares of the company’s stock worth $112,000 after buying an additional 516 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Computer Sciences Corp. by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock worth $135,000 after buying an additional 104 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Computer Sciences Corp. by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,108 shares of the company’s stock worth $204,000 after buying an additional 307 shares during the last quarter. Laurion Capital Management LP acquired a new position in Computer Sciences Corp. during the second quarter worth $204,000. Finally, Jane Street Group LLC acquired a new position in Computer Sciences Corp. during the second quarter worth $204,000. Institutional investors and hedge funds own 92.07% of the company’s stock.
Computer Sciences Corp. Company Profile
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.
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