CA Inc. (CA) Given Average Recommendation of “Hold” by Analysts

Shares of CA Inc. (NASDAQ:CA) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.20.

Several brokerages have commented on CA. Citigroup Inc. restated a “neutral” rating and issued a $34.00 target price (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. DA Davidson restated a “neutral” rating and issued a $12.00 target price on shares of CA in a research note on Friday, May 19th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://transcriptdaily.com/2017/07/24/ca-inc-ca-given-average-recommendation-of-hold-by-analysts-2.html.

Shares of CA (NASDAQ:CA) opened at 34.42 on Monday. The company has a market cap of $14.38 billion, a PE ratio of 18.61 and a beta of 0.87. The company’s 50-day moving average is $33.50 and its 200 day moving average is $32.46. CA has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last issued its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that CA will post $2.38 EPS for the current year.

In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Park National Corp OH increased its stake in CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock worth $282,000 after buying an additional 28 shares during the last quarter. Cleararc Capital Inc. increased its stake in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares during the last quarter. Hefty Wealth Partners increased its stake in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares during the last quarter. Alpha Windward LLC increased its stake in CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares during the last quarter. Finally, U S Global Investors Inc increased its stake in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares during the last quarter. Institutional investors own 70.74% of the company’s stock.

CA Company Profile

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

Analyst Recommendations for CA (NASDAQ:CA)

Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply