Several other brokerages also recently weighed in on CSRA. Jefferies Group reaffirmed a hold rating and issued a $35.00 target price on shares of CSRA in a report on Thursday, October 5th. ValuEngine raised shares of CSRA from a hold rating to a buy rating in a report on Friday, December 1st. Cowen reaffirmed a market perform rating and issued a $35.00 target price (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. BidaskClub raised shares of CSRA from a sell rating to a hold rating in a report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating and set a $36.00 target price on the stock in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $36.50.
Shares of CSRA (NYSE:CSRA) traded down $0.26 during trading on Monday, reaching $28.98. 1,106,000 shares of the company’s stock traded hands, compared to its average volume of 1,053,802. CSRA has a 52 week low of $27.38 and a 52 week high of $33.67. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $4,740.00 and a P/E ratio of 15.31.
Hedge funds have recently added to or reduced their stakes in the stock. Prudential PLC raised its position in CSRA by 42.5% during the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after acquiring an additional 730,300 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in CSRA during the third quarter worth about $22,242,000. Schwab Charles Investment Management Inc. raised its position in CSRA by 51.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after acquiring an additional 331,532 shares during the last quarter. Janus Henderson Group PLC raised its position in CSRA by 6,259.0% during the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after acquiring an additional 287,165 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in CSRA during the third quarter worth about $8,630,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
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