CA (CA) Earns “Sell” Rating from Evercore ISI

Evercore ISI reiterated their sell rating on shares of CA (NASDAQ:CA) in a report issued on Friday morning. Evercore ISI currently has a $36.00 target price on the technology company’s stock.

A number of other equities analysts also recently issued reports on CA. Mizuho reissued a hold rating and issued a $34.00 price objective on shares of CA in a report on Wednesday, October 25th. Barclays dropped their price objective on shares of CA from $36.00 to $34.00 and set an equal weight rating on the stock in a report on Thursday, October 26th. Zacks Investment Research raised shares of CA from a hold rating to a buy rating and set a $37.00 price objective on the stock in a report on Monday, October 30th. BidaskClub downgraded shares of CA from a sell rating to a strong sell rating in a report on Thursday, November 9th. Finally, Credit Suisse Group raised their price objective on shares of CA from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. CA has an average rating of Hold and a consensus price target of $34.27.

Shares of CA (NASDAQ CA) opened at $33.56 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $14,050.00, a PE ratio of 33.23, a PEG ratio of 4.43 and a beta of 0.70. CA has a 1-year low of $30.45 and a 1-year high of $36.56.

CA (NASDAQ:CA) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. CA had a net margin of 10.23% and a return on equity of 16.52%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. sell-side analysts forecast that CA will post 2.37 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of CA by 2.1% during the second quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock valued at $21,057,000 after buying an additional 12,408 shares during the last quarter. Sii Investments Inc. WI raised its position in shares of CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after buying an additional 131 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of CA by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 367,111 shares of the technology company’s stock valued at $12,654,000 after buying an additional 4,044 shares during the last quarter. Toronto Dominion Bank raised its position in shares of CA by 25.3% during the second quarter. Toronto Dominion Bank now owns 106,726 shares of the technology company’s stock valued at $3,678,000 after buying an additional 21,532 shares during the last quarter. Finally, Oak Associates Ltd. OH raised its position in shares of CA by 6.4% during the second quarter. Oak Associates Ltd. OH now owns 427,023 shares of the technology company’s stock valued at $14,719,000 after buying an additional 25,671 shares during the last quarter. Hedge funds and other institutional investors own 68.71% of the company’s stock.

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CA Company Profile

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

Analyst Recommendations for CA (NASDAQ:CA)

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