Computer Sciences Corp. (NYSE:CSC) received a $53.00 target price from investment analysts at Cantor Fitzgerald in a research note issued on Sunday. The brokerage currently has a “hold” rating on the stock. Cantor Fitzgerald’s price target indicates a potential downside of 13.91% from the stock’s current price.
A number of other analysts have also commented on the company. Barclays PLC raised their price target on Computer Sciences Corp. from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 11th. TheStreet lowered Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Citigroup Inc. raised Computer Sciences Corp. from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Thursday, October 13th. Zacks Investment Research raised Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, August 29th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $57.00 price objective on shares of Computer Sciences Corp. in a research report on Tuesday, October 18th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.93.
Computer Sciences Corp. (NYSE:CSC) traded down 0.16% during trading on Friday, reaching $61.56. 757,682 shares of the company traded hands. The firm’s market capitalization is $8.67 billion. Computer Sciences Corp. has a 52 week low of $24.27 and a 52 week high of $63.34. The company’s 50-day moving average price is $56.57 and its 200 day moving average price is $49.76.
Computer Sciences Corp. (NYSE:CSC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Computer Sciences Corp. had a positive return on equity of 16.62% and a negative net margin of 1.21%. The company earned $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.19 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Computer Sciences Corp. will post $2.78 EPS for the current year.
In other Computer Sciences Corp. news, CFO Paul N. Saleh sold 10,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $51.93, for a total transaction of $519,300.00. Following the completion of the sale, the chief financial officer now directly owns 96,153 shares in the company, valued at approximately $4,993,225.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul N. Saleh sold 65,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.00, for a total value of $3,250,000.00. Following the sale, the chief financial officer now owns 151,153 shares of the company’s stock, valued at $7,557,650. The disclosure for this sale can be found here. 1.53% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Scout Investments Inc. increased its stake in Computer Sciences Corp. by 16.6% in the third quarter. Scout Investments Inc. now owns 1,547,777 shares of the company’s stock worth $80,809,000 after buying an additional 220,057 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Computer Sciences Corp. by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 49,328 shares of the company’s stock worth $2,575,000 after buying an additional 1,610 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Computer Sciences Corp. during the third quarter worth $483,000. Cornerstone Capital Management Holdings LLC. boosted its position in Computer Sciences Corp. by 31.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 43,389 shares of the company’s stock worth $2,264,000 after buying an additional 10,451 shares during the last quarter. Finally, Credit Suisse AG boosted its position in Computer Sciences Corp. by 305.3% in the third quarter. Credit Suisse AG now owns 667,099 shares of the company’s stock worth $34,831,000 after buying an additional 502,508 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
Computer Sciences Corp. Company Profile