CA, Inc. (CA) Price Target Raised to $38.00
CA, Inc. (NYSE:CA) had its price objective upped by investment analysts at Jefferies Group from $36.00 to $38.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 18.94% from the company’s current price.
Several other analysts have also weighed in on the stock. Citigroup Inc. lifted their target price on shares of CA from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, July 28th. Barclays PLC lowered shares of CA from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $33.00 to $35.00 in a research report on Friday, July 15th. Finally, Mizuho lowered shares of CA from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Thursday, July 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.50.
CA (NYSE:CA) traded down 1.60% on Thursday, hitting $31.95. 5,717,373 shares of the stock traded hands. The stock has a market cap of $13.39 billion and a P/E ratio of 17.75. The stock has a 50-day moving average price of $34.04 and a 200 day moving average price of $32.13. CA has a 12-month low of $25.18 and a 12-month high of $34.99.
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CA (NYSE:CA) last issued its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $999 million for the quarter, compared to analyst estimates of $982.21 million. During the same quarter last year, the firm posted $0.64 earnings per share. CA’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that CA will post $2.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were issued a dividend of $0.255 per share. This is an increase from CA’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, August 23rd.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of CA by 0.4% in the second quarter. Macquarie Group Ltd. now owns 22,107,439 shares of the company’s stock valued at $725,787,000 after buying an additional 77,866 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of CA during the second quarter valued at about $392,000. Kentucky Retirement Systems purchased a new position in shares of CA during the second quarter valued at about $826,000. Mason Street Advisors LLC purchased a new position in shares of CA during the second quarter valued at about $1,309,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of CA by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 105,524 shares of the company’s stock valued at $3,464,000 after buying an additional 792 shares in the last quarter.
CA Company Profile
CA, Inc (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management.
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