Finally Time To Cut Your Stake? Sun Trust Rbsn Humphrey Downgrades Computer Sciences (NYSE:CSC) Shares


Computer Sciences (NYSE:CSC) Receives a Downgrade

Sun Trust Rbsn Humphrey lowered the rating for shares of Computer Sciences (NYSE:CSC) to a”Neutral” from a “Buy”. This important rating change was revealed in analysts note earlier today.

From a total of 2 analysts covering Computer Sciences Corporation (NYSE:CSC) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $31 while the lowest target price is $29. The mean of all analyst targets is $30 with a 105.16% above today’s ($31) stock price. Computer Sciences Corporation was the topic of 11 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Cowen & Co initiated shares on November 20 with “Outperform” rating. Citigroup upgraded shares to “Buy” rating and $77 target share price in a report from an August 7. Cantor Fitzgerald initiated CSC stock in a recent report from October 16 with “Hold” rating. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a September 1.

Approximately 1.69M shares of stock traded hands. Computer Sciences Corporation (NYSE:CSC) has declined 52.09% since April 28, 2015 and is downtrending. It has underperformed by 50.46% the S&P500.

Computer Sciences Corporation is a global well-known provider of information technology (IT) and professional services and solutions. The company has a market cap of $9.41 billion. The Firm operates through three divisions: Global Business Services (GBS), which is a well-known provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services. It has 200.74 P/E ratio. The Company’s subsidiary, ServiceMesh Inc. (ServiceMesh), is a well-known provider of enterprise cloud management software.

According to Zacks Investment Research, “Computer Sciences Corp. offers a broad array of professional services to clients in the global commercial and government markets and specializes in the application of advanced and complex I/T to achieve its customers’ strategic objectives. Its service offerings include outsourcing, systems integration, and I/T and management consulting and other professional services, including e-business solutions.” Get a free copy of the Zacks research report on Computer Sciences Corporation (CSC)