Equities research analysts at Loop Capital began coverage on shares of CSRA Inc. (NYSE:CSRA) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other equities research analysts also recently commented on CSRA. Drexel Hamilton initiated coverage on CSRA in a report on Tuesday, November 22nd. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, December 6th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 target price on shares of CSRA in a report on Wednesday, February 8th. RBC Capital Markets initiated coverage on CSRA in a report on Wednesday, January 11th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, TheStreet raised CSRA from a “d+” rating to a “c” rating in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.00.
Shares of CSRA (NYSE:CSRA) traded down 2.15% on Tuesday, hitting $29.99. 2,736,964 shares of the stock were exchanged. The company’s 50 day moving average is $31.95 and its 200-day moving average is $28.81. The stock has a market cap of $4.89 billion, a PE ratio of 25.31 and a beta of 2.23. CSRA has a 52-week low of $21.95 and a 52-week high of $33.54.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. CSRA had a net margin of 3.88% and a return on equity of 173.82%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.48 EPS. CSRA’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts predict that CSRA will post $2.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, December 29th. CSRA’s dividend payout ratio (DPR) is 34.19%.
“Loop Capital Begins Coverage on CSRA Inc. (CSRA)” was originally posted by sleekmoney and is the property of of sleekmoney. If you are accessing this report on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this report can be viewed at http://sleekmoney.com/loop-capital-begins-coverage-on-csra-inc-csra/1660852.html.
A number of hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its stake in shares of CSRA by 26.9% in the third quarter. LS Investment Advisors LLC now owns 6,837 shares of the company’s stock worth $184,000 after buying an additional 1,448 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of CSRA during the third quarter worth about $201,000. Allen Investment Management LLC purchased a new stake in shares of CSRA during the third quarter worth about $206,000. Norinchukin Bank The purchased a new stake in shares of CSRA during the third quarter worth about $210,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of CSRA during the third quarter worth about $211,000. Institutional investors own 90.66% of the company’s stock.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/loop-capital-begins-coverage-on-csra-inc-csra/1660852.html
Receive News & Ratings for CSRA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSRA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.