Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives An Update From Brokers
- Author: Joanne Flowers Feb 15, 2017,
Feb 15, 2017, 18:55
Presently Cognizant Technology Solutions Corporation (NASDAQ:CTSH) stock have an ABR of 1.86.
A current consensus EPS estimate for next quarter is at $0.91 and 3 month ago EPS forecast was $0.91. The most recent downgrade was reported by Morgan Stanley on Jan 31, 2017, with a rating change from Overweight to Equal-Weight. Deutsche Bank AG reiterated a buy rating and set a $69.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, October 21st. CTSH has P/E (Price to Earnings ttm) value of 22.5, Forward P/E of 13.46, P/C (Price to cash per share) of 6.8 and Price to Free Cash Flow (P/FCF) value of 0.
Cognizant Technology Solutions Corporation closed its last trading session at $57.64 with the loss of -0.49%. And a quick view of analyst notes show that 17 are rating the stock a buy while 7 rate CTSH a strong buy. The company now has a consensus rating of "Buy" and a consensus price target of $62.43.
Previously on 2/08/2017, Vetr Inc. reported about Cognizant Technology Solutions Corp (NASDAQ:CTSH) upped the target price from $0.00 to $62.84 that suggested an upside of 0.12%. If you are reading this piece on another site, it was copied illegally and republished in violation of worldwide copyright and trademark laws.
Exelon Corporation (NYSE:EXC) showed a growth of 0.49% from the market's prior closing price.
Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 56.03 on Tuesday. The Market Capitalization of the company stands at 35.16 Billion. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 3.44%.
Growth Estimate for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is projected at 5 percent in the Current Quarter and 3.4 percent in the Next Quarter, according to analysts. The information technology service provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. Cognizant Technology Solutions Corporation had a net margin of 11.52% and a return on equity of 18.83%. The company maintains price to book ratio of 3.26 vs.an industry average at 3.23. The business's revenue for the quarter was up 7.1% compared to the same quarter previous year.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The stock's 52-week range is $45.44 - $63.23. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Following the completion of the transaction, the insider now directly owns 32,072 shares in the company, valued at approximately $1,780,958.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. The company's Relative strength index is 58.09. In previous session, the price was settled at $58.00. Analysts believe that we could see stock price minimum in the $45 range (lowest target price), allowing for another -21.55% drop from its current position. The disclosure for this sale can be found here. Albion Financial Group UT now owns 6,830 shares of the information technology service provider's stock valued at $391,000 after buying an additional 25 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Cognizant Technology Solutions Corporation during the third quarter worth $132,000. Finally, Wedbush Securities Inc. raised its stake in Cognizant Technology Solutions Corporation by 0.4% in the second quarter.
While looking at the Stock's Performance, Cognizant Technology Solutions Corporation now shows a Weekly Performance of 6.64%, where Monthly Performance is 1.49%, Quarterly performance is 6.32%, 6 Months performance is -0.9% and yearly performance percentage is 4.27%. Finally, Ngam Advisors L.P. increased its stake in shares of Cognizant Technology Solutions Corporation by 14.3% in the second quarter. Hedge funds and other institutional investors own 83.98% of the company's stock.