CSRA (CSRA) PT Set at $35.00 by Jefferies Group

CSRA (NYSE:CSRA) received a $35.00 price objective from analysts at Jefferies Group in a report issued on Wednesday. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Group’s price objective would indicate a potential upside of 13.45% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Cowen restated a “hold” rating and issued a $35.00 price target on shares of CSRA in a research note on Wednesday. Royal Bank of Canada set a $41.00 price target on CSRA and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. TheStreet raised CSRA from a “c” rating to a “b-” rating in a report on Monday, December 4th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, ValuEngine raised CSRA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.90.

CSRA (NYSE:CSRA) opened at $30.85 on Wednesday. The stock has a market capitalization of $5,050.00 and a price-to-earnings ratio of 16.07. CSRA has a 52 week low of $27.38 and a 52 week high of $33.79. 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 released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a return on equity of 79.44% and a net margin of 6.35%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. research analysts predict that CSRA will post 1.99 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. State of Wisconsin Investment Board raised its holdings in CSRA by 7.8% during the fourth quarter. State of Wisconsin Investment Board now owns 38,318 shares of the technology company’s stock valued at $1,146,000 after acquiring an additional 2,770 shares during the period. D.A. Davidson & CO. raised its holdings in CSRA by 30.7% during the fourth quarter. D.A. Davidson & CO. now owns 10,574 shares of the technology company’s stock valued at $316,000 after acquiring an additional 2,483 shares during the period. Toronto Dominion Bank raised its holdings in CSRA by 10.5% during the fourth quarter. Toronto Dominion Bank now owns 60,897 shares of the technology company’s stock valued at $1,822,000 after acquiring an additional 5,792 shares during the period. Wells Fargo & Company MN raised its holdings in CSRA by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,325,583 shares of the technology company’s stock valued at $39,661,000 after acquiring an additional 164,850 shares during the period. Finally, First Trust Advisors LP raised its holdings in CSRA by 57.9% during the fourth quarter. First Trust Advisors LP now owns 512,607 shares of the technology company’s stock valued at $15,337,000 after acquiring an additional 188,057 shares during the period. 94.68% of the stock is currently 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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