CSRA Inc. (CSRA) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of CSRA Inc. (NYSE:CSRA) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $36.00 price objective on the stock.
According to Zacks, “CSRA Inc. offer information technology services. The Company’s operating segments consists of Defense and Intelligence and Civil. Defense and Intelligence segment provides services to the DoD, National Security Agency, branches of the Armed Forces and other DoD agencies. Civil segment provides services to federal agencies within the Department of Homeland Security and other federal civil agencies as well as state and local agencies. CSRA Inc. is based in Falls Church, United States. “
Several other research firms have also recently issued reports on CSRA. Drexel Hamilton began coverage on shares of CSRA in a report on Tuesday, November 22nd. They issued a buy rating and a $38.00 price target on the stock. Jefferies Group reaffirmed a buy rating and issued a $35.00 price target on shares of CSRA in a report on Thursday, September 15th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $35.00.
Shares of CSRA (NYSE:CSRA) traded up 0.12% during mid-day trading on Tuesday, hitting $33.01. 89,465 shares of the stock traded hands. The firm’s 50 day moving average price is $32.04 and its 200-day moving average price is $27.65. The stock has a market cap of $5.39 billion, a P/E ratio of 49.71 and a beta of 2.29. CSRA has a 12-month low of $20.98 and a 12-month high of $33.54.
CSRA (NYSE:CSRA) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a net margin of 2.43% and a return on equity of 200.99%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts predict that CSRA will post $2.03 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.21%. CSRA’s dividend payout ratio (DPR) is 57.14%.
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in CSRA during the second quarter worth $13,051,000. Sei Investments Co. boosted its stake in CSRA by 76.1% in the third quarter. Sei Investments Co. now owns 104,135 shares of the company’s stock worth $2,801,000 after buying an additional 44,999 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in CSRA by 5.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,032,131 shares of the company’s stock worth $108,464,000 after buying an additional 195,128 shares during the period. Wells Fargo & Company MN boosted its stake in CSRA by 241.6% in the third quarter. Wells Fargo & Company MN now owns 516,239 shares of the company’s stock worth $13,886,000 after buying an additional 365,112 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in CSRA by 40.1% in the third quarter. Epoch Investment Partners Inc. now owns 1,494,170 shares of the company’s stock worth $40,193,000 after buying an additional 427,760 shares during the period. 89.03% of the stock is currently owned by institutional investors.
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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