BMO Capital Markets reiterated their market perform rating on shares of Computer Sciences Co. (NYSE:CSC) in a research report released on Sunday morning, Market Beat[1] reports. BMO Capital Markets currently has a $35.00 price target on the stock.
Computer Sciences (NYSE:CSC[2]) traded down 1.32% during mid-day trading on Friday, hitting $31.49. The stock had a trading volume of 2,334,426 shares. The stock has a market cap of $4.37 billion and a PE ratio of 207.17. The firm's 50-day moving average price is $30.98 and its 200-day moving average price is $28.49. Computer Sciences has a 1-year low of $24.77 and a 1-year high of $33.66.
Computer Sciences (NYSE:CSC) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.05. The business earned $2.71 billion during the quarter, compared to the consensus estimate of $2.79 billion. The business's revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. On average, equities analysts expect that Computer Sciences will post $2.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 26th. Shareholders of record on Tuesday, January 5th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 31st. This is a boost from Computer Sciences's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.78%.
In other Computer Sciences news, CEO John M. Lawrie sold 16,771 shares of the business's stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $30.78, for a total transaction of $516,211.38. Following the sale, the chief executive officer now owns 351,264 shares of the company's stock, valued at approximately $10,811,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink[3].
Other large investors recently added to or reduced their stakes in the company. Simplex Trading boosted its stake in Computer Sciences by 154.5% in the fourth quarter. Simplex Trading now owns 56 shares of the company's stock valued at $0 after buying an additional 34 shares during the period. Alambic Investment Management L.P. bought a new stake in Computer Sciences during the fourth quarter valued at about $343,000. Profund Advisors LLC bought a new stake in Computer Sciences during the fourth quarter valued at about $360,000. Oakbrook Investments LLC boosted its stake in Computer Sciences by 55.1% in the fourth quarter. Oakbrook Investments LLC now owns 14,002 shares of the company's stock valued at $458,000 after buying an additional 4,975 shares during the period. Finally, Janus Capital Management boosted its stake in Computer Sciences by 90.4% in the third quarter. Janus Capital Management now owns 18,406 shares of the company's stock valued at $1,130,000 afte r buying an additional 8,740 shares during the period.
Several other research analysts have also weighed in on the company. Deutsche Bank reissued a hold rating on shares of Computer Sciences in a research report on Tuesday, January 5th. Barclays lowered Computer Sciences from an overweight rating to an equal weight rating and decreased their target price for the company from $76.00 to $35.00 in a research report on Tuesday, January 5th. Cantor Fitzgerald reaffirmed a hold rating on shares of Computer Sciences in a research report on Monday, January 4th. Raymond James decreased their target price on Computer Sciences from $81.00 to $35.00 and set an outperform rating for the company in a research report on Wednesday, December 16th. Finally, TheStreet lowered Computer Sciences from a buy rating to a hold rating in a research report on Tuesday, December 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Computer Sciences has an average rating of Hold and a consensus target price of $56.86.
Computer Sciences Corporation (NYSE:CSC[4]) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services.
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References
- ^ Market Beat (www.marketbeat.com)
- ^ NYSE:CSC (www.marketbeat.com)
- ^ this hyperlink (www.sec.gov)
- ^ NYSE:CSC (www.marketbeat.com)
- ^ Analyst Ratings Network's FREE daily email newsletter (www.watchlistnews.com)
