Mizuho Analysts Begin Coverage on CA Tech (CA)

By admin | 6 years ago

Mizuho started coverage on shares of CA Tech (NYSE: CA) in a research note issued on Thursday. The firm set a “buy” rating and a $30.00 price target on the stock.

CA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CA Tech in a research note to investors on Tuesday, May 15th. They now have a $27.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of CA Tech in a research note to investors on Friday, May 11st. Finally, analysts at RBC Capital (NYSE: RY) downgraded shares of CA Tech from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, March 20th. They now have a $28.00 price target on the stock, up previously from $27.00.

Shares of CA Tech traded down 0.81% during mid-day trading on Thursday, hitting $24.6675. CA Tech has a 52 week low of $18.61 and a 52 week high of $28.00. The company has a market cap of $11.639 billion and a P/E ratio of 12.91.

CA Tech last announced its earnings results on Thursday, May 10th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.05. CA Tech’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that CA Tech will post $0.61 earnings per share next quarter.

CA, Inc. (CA) is an independent enterprise information technology (IT) management software and solutions company.

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