CSRA Inc. (NYSE:CSRA) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.63.
Several research firms recently weighed in on CSRA. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Jefferies Group reiterated a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and set a $32.00 price objective on shares of CSRA in a research note on Saturday, June 25th.
CSRA (NYSE:CSRA) traded down 0.92% during mid-day trading on Monday, hitting $26.87. The stock had a trading volume of 251,835 shares. The stock has a market cap of $4.40 billion and a P/E ratio of 51.67. The company has a 50 day moving average price of $26.05 and a 200 day moving average price of $25.39. CSRA has a one year low of $20.98 and a one year high of $33.44.
CSRA (NYSE:CSRA) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that CSRA will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be given a $0.10 dividend. The ex-dividend date is Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%.
In other news, insider Lawrence B. Prior III bought 3,810 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was purchased at an average cost of $26.22 per share, for a total transaction of $99,898.20. Following the completion of the transaction, the insider now directly owns 26,142 shares of the company’s stock, valued at approximately $685,443.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lawrence B. Prior III bought 3,918 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average price 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 of the company’s stock, valued at $526,481.56. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX boosted its position in CSRA by 7.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 35,507 shares of the company’s stock valued at $832,000 after buying an additional 2,328 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in CSRA by 1.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 117,810 shares of the company’s stock valued at $2,760,000 after buying an additional 2,196 shares in the last quarter. Alpha Windward LLC boosted its position in CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares in the last quarter. Capstone Asset Management Co. boosted its position in CSRA by 2.3% in the second quarter. Capstone Asset Management Co. now owns 9,901 shares of the company’s stock valued at $232,000 after buying an additional 220 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in CSRA during the second quarter valued at about $351,000. Hedge funds and other institutional investors own 86.89% 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.
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.