Cognizant Technology Solutions Corporation (CTSH) : The consensus on Cognizant Technology Solutions Corporation (CTSH) based on 18 analyst recommendation on the company stock is 1.28, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Cognizant Technology Solutions Corporation (CTSH) : The most positive equity analysts on Cognizant Technology Solutions Corporation (CTSH) expects the shares to touch $79, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $69.67 with an expected fluctuation of $3.02 from the mean.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.98 and $55.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.77, notching a gain of 0.66% for the day. The total traded volume was 5,234,806 . The stock had closed at $56.40 on the previous day.
The company shares have dropped -4.46% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $69.80 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $60.38 and the 200 Day Moving Average price is recorded at $59.34.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.