The stock of CSRA Inc (NYSE:CSRA) reached all time high today, Nov, 29 and still has $33.74 target or 3.00% above today’s $32.76 share price. This indicates more upside for the $5.34 billion company. This technical setup was reported by Barchart.com. If the $33.74 PT is reached, the company will be worth $160.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.02 million shares traded hands. CSRA Inc (NYSE:CSRA) has risen 20.16% since April 26, 2016 and is uptrending. It has outperformed by 14.90% the S&P500.
Analysts await CSRA Inc (NYSE:CSRA) to report earnings on February, 8. They expect $0.46 earnings per share, down 4.17% or $0.02 from last year’s $0.48 per share. CSRA’s profit will be $74.98 million for 17.80 P/E if the $0.46 EPS becomes a reality. After $0.56 actual earnings per share reported by CSRA Inc for the previous quarter, Wall Street now forecasts -17.86% negative EPS growth.
CSRA Inc (NYSE:CSRA) Ratings Coverage
Out of 9 analysts covering CSRA (NYSE:CSRA), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. CSRA has been the topic of 10 analyst reports since December 1, 2015 according to StockzIntelligence Inc. Wells Fargo initiated CSRA Inc (NYSE:CSRA) on Tuesday, December 1 with “Outperform” rating. The rating was initiated by RBC Capital Markets with “Outperform” on Tuesday, January 19. The stock has “Outperform” rating given by Raymond James on Friday, December 11. The firm earned “Buy” rating on Tuesday, November 22 by Drexel Hamilton. The firm has “Buy” rating by RF Lafferty given on Monday, February 22. On Wednesday, January 20 the stock rating was initiated by Jefferies with “Buy”. Stifel Nicolaus initiated the stock with “Buy” rating in Wednesday, February 24 report. RBC Capital Markets maintained CSRA Inc (NYSE:CSRA) on Tuesday, February 9 with “Outperform” rating. As per Monday, February 22, the company rating was initiated by R. F. Lafferty. Suntrust Robinson maintained the stock with “Neutral” rating in Friday, May 27 report.
According to Zacks Investment Research, “CSRA Inc. offer information technology services. The Company’s operating segments consists of Defense and Intelligence and Civil. Defense and Intelligence segment provides services to the DoD, National Security Agency, branches of the Armed Forces and other DoD agencies. Civil segment provides services to federal agencies within the Department of Homeland Security and other federal civil agencies as well as state and local agencies. CSRA Inc. is based in Falls Church, United States.”
More recent CSRA Inc (NYSE:CSRA) news were published by: Bizjournals.com which released: “Key NSA contract for CSRA could face ‘additional delays'” on November 11, 2016. Also Bizjournals.com published the news titled: “CSRA looks to keep momentum going after record quarter with plans to keep hiring” on November 10, 2016. Bizjournals.com‘s news article titled: “Moody’s: CSRA could take a hit to its bottom line in 2017” with publication date: November 04, 2016 was also an interesting one.
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