Jefferies Group Reiterates Hold Rating for CSRA (CSRA)

CSRA (NYSE:CSRA)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a research note issued to investors on Monday. They presently have a $33.00 price target on the technology company’s stock. Jefferies Group’s price target would suggest a potential upside of 7.25% from the stock’s current price. Jefferies Group also issued estimates for CSRA’s FY2019 earnings at $2.08 EPS and FY2020 earnings at $2.29 EPS.

Several other equities research analysts also recently issued reports on CSRA. SunTrust Banks raised shares of CSRA from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Cowen reaffirmed a “hold” rating and set a $35.00 price target on shares of CSRA in a research note on Monday, September 18th. BidaskClub downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Finally, Vertical Research downgraded shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target on the stock. in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. CSRA currently has a consensus rating of “Hold” and an average price target of $36.30.

CSRA (CSRA) traded down $0.31 during trading hours on Monday, hitting $30.77. 745,400 shares of the company traded hands, compared to its average volume of 950,150. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $5,100.00 and a price-to-earnings ratio of 16.03. CSRA has a 1-year low of $27.38 and a 1-year high of $33.67.

CSRA (NYSE:CSRA) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. equities research analysts forecast that CSRA will post 1.95 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of CSRA in the 3rd quarter worth about $387,000. Neuberger Berman Group LLC bought a new stake in shares of CSRA in the 3rd quarter worth about $211,000. California Public Employees Retirement System increased its position in shares of CSRA by 1.7% in the 3rd quarter. California Public Employees Retirement System now owns 279,800 shares of the technology company’s stock worth $9,029,000 after purchasing an additional 4,800 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of CSRA in the 3rd quarter worth about $573,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of CSRA by 13.6% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 145,036 shares of the technology company’s stock worth $4,680,000 after purchasing an additional 17,367 shares during the last quarter. 94.66% of the stock is owned by institutional investors.

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About CSRA

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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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