Computer Sciences Corp. (NYSE:CSC) received a $58.00 price objective from research analysts at Cantor Fitzgerald in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Cantor Fitzgerald’s price objective points to a potential downside of 4.34% from the company’s current price.

A number of other research analysts have also commented on the stock. BMO Capital Markets restated a “buy” rating and set a $57.00 price target on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, August 29th. Jefferies Group restated a “buy” rating and set a $63.00 price target on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. TheStreet lowered shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, Barclays PLC restated a “buy” rating and set a $68.00 price target on shares of Computer Sciences Corp. in a research report on Wednesday, November 16th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.29.

Analyst Recommendations for Computer Sciences Corp. (NYSE:CSC)

Computer Sciences Corp. (NYSE:CSC) opened at 60.63 on Tuesday. The company’s 50-day moving average price is $57.45 and its 200 day moving average price is $50.46. The company’s market capitalization is $8.54 billion. Computer Sciences Corp. has a 12 month low of $24.27 and a 12 month high of $63.34.

Computer Sciences Corp. (NYSE:CSC) last issued its earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. Computer Sciences Corp. had a negative net margin of 1.21% and a positive return on equity of 16.62%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts forecast that Computer Sciences Corp. will post $2.78 EPS for the current fiscal year.

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In other news, CFO Paul N. Saleh sold 65,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 151,153 shares of the company’s stock, valued at $7,557,650. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 10,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $51.93, for a total transaction of $519,300.00. Following the transaction, the chief financial officer now directly owns 96,153 shares of the company’s stock, valued at $4,993,225.29. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. increased its position in shares of Computer Sciences Corp. by 0.8% in the third quarter. Fulton Bank N.A. now owns 7,266 shares of the company’s stock valued at $379,000 after buying an additional 55 shares during the period. ProShare Advisors LLC increased its position in shares of Computer Sciences Corp. by 0.4% in the second quarter. ProShare Advisors LLC now owns 16,615 shares of the company’s stock valued at $825,000 after buying an additional 65 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Computer Sciences Corp. by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock valued at $135,000 after buying an additional 104 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Computer Sciences Corp. by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 23,941 shares of the company’s stock valued at $1,189,000 after buying an additional 121 shares during the period. Finally, IBM Retirement Fund increased its position in shares of Computer Sciences Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 14,002 shares of the company’s stock valued at $695,000 after buying an additional 157 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.

Computer Sciences Corp. Company Profile

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.

5 Day Chart for NYSE:CSC

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