Drexel Hamilton initiated coverage on shares of CSRA Inc. (NYSE:CSRA) in a report released on Tuesday morning. The firm issued a buy rating and a $38.00 price target on the stock.
A number of other brokerages also recently weighed in on CSRA. Zacks Investment Research downgraded shares of CSRA from a buy rating to a hold rating in a research note on Tuesday, November 15th. Jefferies Group reissued a buy rating and set a $35.00 target price on shares of CSRA in a research note on Thursday, September 15th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. CSRA presently has an average rating of Buy and an average target price of $34.20.
CSRA (NYSE:CSRA) opened at 31.73 on Tuesday. The firm has a market capitalization of $5.19 billion and a P/E ratio of 47.79. CSRA has a 1-year low of $20.98 and a 1-year high of $32.60. The stock’s 50 day moving average is $27.47 and its 200-day moving average is $25.84.
CSRA (NYSE:CSRA) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. CSRA had a net margin of 2.43% and a return on equity of 200.99%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts forecast that CSRA will post $2.03 EPS for the current year.
In other CSRA news, insider Lawrence B. Prior III bought 3,918 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $25.54 per share, with a total value of $100,065.72. Following the completion of the transaction, the insider now directly owns 20,614 shares in the company, valued at approximately $526,481.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Reing sold 12,926 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total transaction of $344,219.38. Following the sale, the executive vice president now directly owns 33,895 shares of the company’s stock, valued at $902,623.85. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in CSRA by 275.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,913,681 shares of the company’s stock valued at $132,178,000 after buying an additional 3,606,642 shares during the last quarter. Allianz Asset Management AG boosted its position in CSRA by 475.5% in the second quarter. Allianz Asset Management AG now owns 1,994,890 shares of the company’s stock valued at $46,741,000 after buying an additional 1,648,232 shares during the period. William Blair Investment Management LLC boosted its position in CSRA by 26.1% in the second quarter. William Blair Investment Management LLC now owns 7,922,581 shares of the company’s stock valued at $185,626,000 after buying an additional 1,637,865 shares during the period. FMR LLC boosted its position in CSRA by 28.6% in the second quarter. FMR LLC now owns 6,572,354 shares of the company’s stock valued at $153,991,000 after buying an additional 1,462,353 shares during the period. Finally, Franklin Resources Inc. boosted its position in CSRA by 30.5% in the second quarter. Franklin Resources Inc. now owns 4,458,707 shares of the company’s stock valued at $104,467,000 after buying an additional 1,041,400 shares during the period. 84.03% of the stock is owned by institutional investors.
CSRA Company Profile