Trade Report: Today, CSRA Inc. (CSRA) Earns Buy Rating from Analysts at Drexel Hamilton

Today, CSRA Inc. (CSRA) Earns Buy Rating from Analysts at Drexel Hamilton

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

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