CSRA (CSRA) Stock Rating Upgraded by Zacks Investment Research

CSRA (NYSE:CSRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “CSRA’s second-quarter fiscal 2018 bottom-line figure was negatively impacted by declining margins. Nevertheless, the top-line benefitted from contract wins based on its deep domain knowledge and expertise in next-generation IT services. The company's strong partnerships with the likes of Amazon Web Services, ServiceNow, Microsoft, Cisco Systems, VMware and Oracle are additional tailwinds. However, the lower recompete win rate is a concern in our view.  Additionally, the recently announced acquisition of Praxis Engineering which is to be completed in the current quarter is expected to weigh on EBITDA margin in the second half of 2018. Notably, the company has underperformed the industry on a year-to-date basis.”

A number of other analysts have also weighed in on the company. Wells Fargo & Company raised their target price on CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Vertical Research cut CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target on the stock. in a report on Tuesday, October 3rd. SunTrust Banks upgraded CSRA from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $39.00 in a report on Friday, September 15th. Royal Bank Of Canada set a $37.00 price target on CSRA and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, BidaskClub cut CSRA from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.50.

Shares of CSRA (NYSE:CSRA) opened at $28.94 on Tuesday. CSRA has a 12 month low of $27.38 and a 12 month high of $33.67. The firm has a market capitalization of $4,746.34, a price-to-earnings ratio of 15.17, a PEG ratio of 1.48 and a beta of 1.70. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68.

CSRA (NYSE:CSRA) last announced its earnings results 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 net margin of 6.35% and a return on equity of 79.44%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.56 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. sell-side analysts predict that CSRA will post 1.95 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in CSRA by 0.4% in the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock valued at $616,233,000 after acquiring an additional 82,283 shares during the last quarter. BlackRock Inc. boosted its holdings in CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock worth $270,528,000 after buying an additional 165,504 shares during the last quarter. Franklin Resources Inc. boosted its holdings in CSRA by 2.0% during the second quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock worth $132,664,000 after buying an additional 83,136 shares during the last quarter. Prudential PLC boosted its holdings in CSRA by 42.5% during the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after buying an additional 730,300 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in CSRA by 17.2% during the second quarter. Royal Bank of Canada now owns 1,587,157 shares of the technology company’s stock worth $50,390,000 after buying an additional 232,886 shares during 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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