Jefferies Group Sets Computer Sciences Price Target at $26.00 (CSC)
Investment analysts at Jefferies Group (NYSE: JEF) cut their target price on shares of Computer Sciences (NYSE: CSC) to $26.00 in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock.
Shares of Computer Sciences traded up 1.79% during mid-day trading on Friday, hitting $26.21. Computer Sciences has a one year low of $22.80 and a one year high of $51.43. The company’s market cap is $4.065 billion.
Computer Sciences last issued its quarterly earnings data on Thursday, May 17th. The company reported ($1.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $1.22. Computer Sciences’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Computer Sciences will post $0.48 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Computer Sciences in a research note to investors on Friday. Separately, 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. Finally, analysts at Sanford C. Bernstein upgraded shares of Computer Sciences from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, April 16th.
Computer Sciences Corporation (CSC) is engaged in information technology (IT) and professional services industry.