The company will report its next earnings on Nov 2 – Nov 7 (Est.).
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In an overview of the current analyst recommendations, Buy count is 15 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. During the same period previous year, the business posted $0.79 earnings per share.
Sell-side analyst recommendations point to a short term price target of $67.63 on the shares of Cognizant Technology Solutions Corporation (CTSH). These analysts have also projected a Low Estimate of $0.82/share and a High Estimate of $0.86/share.
Cognizant Technology Solutions Corporation is a well-known provider of information technology, consulting and business process services. According to these analysts, the Low Revenue Estimate for Cognizant Technology Solutions Corporation is 3.43 Billion and the High Revenue Estimate is 3.5 Billion.
Current Fiscal Year Estimate Trends: For current fiscal year, most recent EPS estimate is set at $3.38 based on Analyst consensus and three month ago consensus EPS opinions was at $3.38.
These analysts also forecasted Growth Estimates for the Current Quarter for CTSH to be 10.5%. EPS growth quarter over quarter is -39.40%, and 9.20% for sales growth quarter over quarter.
The ability for Cognizant Technology Solutions Corporation, to deal with debt, means it current ratio is 3.7, and quick ratio is 3.7. Also, the Hold rating count is 5 as of 9/2/2016. The Median price target for the stock is measured at $68.00. The latest trading activity showed that the Cognizant Technology Solutions Corporation share price went up +13.94% from its 52-week low of $51.22 and trades lower -16.39% comparing its 52-week high of $69.80. The rating firm gave a Neutral rating to this stock in a research note on Aug 8, 2016.Pacific Crest analysts issued their verdict on Cognizant Technology Solutions Corp (NASDAQ:CTSH) recently. Barclays PLC reissued a buy rating on shares of Cognizant Technology Solutions Corp.in a report on Saturday, July 9th.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares ended at $58.36 with 3.67 mln shares exchanging hands. The company has a market cap of $35.89 billion.
Cognizant Technology Solutions Corporation has changed +0.73% up its 50 day moving average of $57.94 and moved below -1.17% from its 200 day moving average of $59.05. The stock stands almost -16.39% off versus the 52-week high and 13.94% away from the 52-week low. The block trades money flow was negative ($3.64 million).The uptick to the downtick ratio of 0.67 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $7.27 million. Cognizant Technology Solutions Corporation P/E (price to earnings) ratio is 23.58 and Forward P/E ratio of 15.75. While it’s Return on Investment (ROI) value is 15.2%. Over the past five trading sessions it is 0.85%; -0.7% for the month; -3.3% for the last quarter; 2.39% for the past six-months; and -7.16% for the last 12 months.
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In related news, CFO Karen Mcloughlin sold 1,671 shares of the business’s stock in a transaction dated Wednesday, June 8th.
