CA (CA) Stock Rating Upgraded by BidaskClub

CA (NASDAQ:CA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities analysts also recently commented on the company. Argus restated a “buy” rating and set a $33.70 target price (down previously from $40.00) on shares of CA in a research report on Wednesday, February 7th. Evercore ISI restated a “sell” rating and set a $36.00 target price on shares of CA in a research report on Friday, February 2nd. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and set a $41.00 target price on shares of CA in a research report on Wednesday, January 31st. Finally, Barclays raised their target price on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. CA currently has a consensus rating of “Hold” and a consensus price target of $34.23.

Shares of CA (NASDAQ CA) opened at $34.85 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. CA has a 52-week low of $30.45 and a 52-week high of $36.56. The company has a market capitalization of $14,463.10, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 4.39 and a beta of 0.70.

CA (NASDAQ:CA) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.20. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. CA had a return on equity of 16.52% and a net margin of 10.23%. CA’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. sell-side analysts expect that CA will post 2.37 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of CA. Fieldpoint Private Securities LLC acquired a new stake in shares of CA in the 3rd quarter valued at $101,000. Ffcm LLC increased its stake in shares of CA by 1,808.7% in the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after buying an additional 2,912 shares during the period. Avestar Capital LLC acquired a new stake in shares of CA in the 4th quarter valued at $103,000. Captrust Financial Advisors acquired a new stake in shares of CA in the 4th quarter valued at $148,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of CA by 56.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after buying an additional 2,259 shares during the period. Hedge funds and other institutional investors own 68.89% of the company’s stock.

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About CA

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

Analyst Recommendations for CA (NASDAQ:CA)

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