CA (CA) : 9 analysts are covering CA (CA) and their average rating on the stock is 2.78, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
CA (CA) : The highest short term price target forecast on CA (CA) is $36 and the lowest target price is $24. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $31 with a standard deviation of $4.38.
CA (NASDAQ:CA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.75 and $32.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.99, notching a gain of 0.49% for the day. The total traded volume was 2,717,097 . The stock had closed at $32.83 on the previous day.
Also, In a research note released to the investors, Citigroup maintains its rating on CA (NASDAQ:CA).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $28 per share to $32 per share. The rating by the firm was issued on May 12, 2016. The company shares have rallied 10.06% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $32.90 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $32.36 and the 200 Day Moving Average price is recorded at $30.01.
CA, Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products, including DevOps, which allows customers to unite application development and IT operations; Management Cloud, which includes the Companys IT Business Management (ITBM) solutions, API Management solutions and Enterprise Mobility Management solutions, and Security, which consists of identity and access management. The Services segment consists of product implementation, consulting, customer education and customer training.