CA, Inc. (CA) Receives $37.25 Average Target Price from Analysts

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Shares of CA, Inc. (NASDAQ:CA) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $37.25.

Several research analysts have commented on CA shares. Argus cut shares of CA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, August 9th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Royal Bank of Canada reiterated a “hold” rating and issued a $44.50 price objective on shares of CA in a report on Friday, July 13th. Finally, BidaskClub cut shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st.

In other news, insider Ayman Sayed sold 18,693 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $43.27, for a total value of $808,846.11. Following the completion of the transaction, the insider now directly owns 89,514 shares in the company, valued at $3,873,270.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 67,673 shares of company stock valued at $2,934,811 over the last quarter. Insiders own 0.87% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CA. BDO Wealth Advisors LLC acquired a new stake in CA during the second quarter valued at approximately $100,000. First Mercantile Trust Co. acquired a new stake in CA during the second quarter valued at approximately $113,000. Captrust Financial Advisors lifted its stake in CA by 53.5% during the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,553 shares during the last quarter. Lourd Capital LLC acquired a new stake in CA during the third quarter valued at approximately $207,000. Finally, Intact Investment Management Inc. acquired a new stake in CA during the second quarter valued at approximately $214,000. 70.41% of the stock is owned by institutional investors and hedge funds.

NASDAQ CA traded down $0.04 on Wednesday, hitting $43.92. The stock had a trading volume of 2,261,500 shares, compared to its average volume of 3,769,844. CA has a one year low of $31.45 and a one year high of $44.25. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.80 and a beta of 0.84.

CA (NASDAQ:CA) last posted its earnings results on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). CA had a return on equity of 15.11% and a net margin of 11.19%. The firm had revenue of $938.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.61 EPS. CA’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities research analysts expect that CA will post 2.57 earnings per share for the current fiscal year.

CA Company Profile

CA, Inc, doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.

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Analyst Recommendations for CA (NASDAQ:CA)

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