Goldman Sachs Cuts Price Target on Computer Sciences (CSC)
Equities researchers at Goldman Sachs (NYSE: GS) dropped their target price on shares of Computer Sciences (NYSE: CSC) to $21.00 in a report issued on Friday. The firm currently has a “sell” rating on the stock.
Shares of Computer Sciences opened at 25.75 on Friday. Computer Sciences has a 52 week low of $22.80 and a 52 week high of $51.43. The company’s market cap is $3.994 billion.
Computer Sciences last issued its quarterly earnings data on Thursday, May 17th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $1.22. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts predict that Computer Sciences will post $0.48 earnings per share next quarter.
A number of other analysts have also recently weighed in on CSC. Analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Computer Sciences to $26.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Computer Sciences in a research note to investors on Friday. Finally, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Computer Sciences in a research note to investors on Tuesday, May 8th. They set a “market perform” rating on the stock.
Computer Sciences Corporation (CSC) is engaged in information technology (IT) and professional services industry.