BidaskClub Lowers CSRA Inc. (CSRA) to Strong Sell

CSRA Inc. (NYSE:CSRA) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently issued reports on CSRA. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 target price on shares of CSRA in a research report on Sunday, August 6th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Tuesday, August 8th. Cowen and Company reissued a “market perform” rating and issued a $35.00 target price (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. upgraded CSRA from a “hold” rating to a “buy” rating and lifted their price target for the company from $34.00 to $39.00 in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. CSRA presently has an average rating of “Hold” and an average price target of $36.50.

Shares of CSRA (CSRA) opened at $28.03 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.68. The company has a market capitalization of $4,720.14, a P/E ratio of 15.09, a P/E/G ratio of 1.47 and a beta of 1.91. CSRA has a 52-week low of $27.65 and a 52-week high of $33.67.

CSRA (NYSE:CSRA) last released its earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). CSRA had a return on equity of 73.90% and a net margin of 6.13%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. research analysts anticipate that CSRA will post 1.96 EPS for the current fiscal year.

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In other CSRA news, Director Craig L. Martin acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $32.31 per share, with a total value of $646,200.00. Following the completion of the purchase, the director now owns 33,500 shares of the company’s stock, valued at $1,082,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Reing sold 20,298 shares of CSRA stock in a transaction on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CSRA. Northwestern Mutual Wealth Management Co. boosted its stake in CSRA by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after buying an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in CSRA during the second quarter valued at $120,000. GLG Partners LP bought a new stake in CSRA during the second quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CSRA by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after buying an additional 607 shares during the period. Finally, Intact Investment Management Inc. bought a new stake in CSRA during the third quarter valued at $223,000. 92.34% of the stock is owned by institutional investors.

About CSRA

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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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