23 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 4. Its previous closing price was recorded at $54.03. It will also be an integral tool to study the effects of global warming, helping governments and communities plan for future changes in water cycles, temperatures and sea levels, among other environmental impacts.
Advertisement
Shares of Cognizant Technology Solutions (CTSH) were up in late-morning trading on Thursday despite Goldman Sachs lowering its stock rating to “neutral” from “buy” this morning. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 3.82% since February 11, 2016 and is uptrending. The stock’s low price in its 52 week is $51.22 per share while $69.80 as the 52 week high price. 4 advised the “Hold” rating about this stock. RBC Capital Markets maintained it with “Outperform” rating and $68 target price in a February 9 report. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Lastly, Cowen & Co initiated the stock with “Outperform” rating in a February 19 report. $82 is the highest target while $65 is the lowest. The stock’s 50-day moving average is $57.42 and its 200-day moving average is $59.06. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 21.50 and a beta of 1.28. (NASDAQ:CTSH) last released its quarterly earnings results on Friday, August 5th.
Presently, Analysts decided consensus EPS estimate of $0.84 for present quarter and one month ago projected EPS estimate was at $0.84. The research firms have foreseen earnings of $0.86 a share for the future quarter and $3.37 for the current fiscal. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell. Cognizant Technology Solutions Corp.’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts expect that Cognizant Technology Solutions Corp. will post $3.37 EPS for the current year. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. The shares were sold at an average price of $58.50, for a total value of $73,008.00.
Advertisement
Recent Sales Surprise: During the recent quarter period Quarter Ending Jun-16, the company declared sales of $3,369.90M. The disclosure for this sale can be found here. Hence the assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. Recently Cognizant Technology Solutions Corporation has seen performance for this week at -3.46%. Credit Agricole SA now has $60.00 price objective on the information technology service provider’s stock, down from their previous price objective of $70.00. LLC IN reduced its stake in shares of Cognizant Technology Solutions Corp. Exane Derivatives now owns 1,862 shares of the information technology service provider’s stock valued at $117,000 after buying an additional 419 shares in the last quarter. First Manhattan Co. raised its stake in shares of Cognizant Technology Solutions Corp.by 16.8% in the second quarter. It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services. Analyst’s mean target price for Helmerich & Payne, Inc.
