Morgan Stanley Maintains Computer Sciences Corporation to Equal-weight with Price Target $53.00

Brokerage firm Morgan Stanley Maintains its rating on Computer Sciences Corporation(NYSE:CSC). In a research note issued to the investors, the brokerage major Lowers the price-target to $53.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Aug 9, 2016.

In a different note, On Aug 4, 2016, Citigroup said it Maintains its rating on Computer Sciences Corporation. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 25, 2016, Barclays said it Upgrades its rating on Computer Sciences Corporation. The shares have been rated ‘Overweight’ by the firm. On May 25, 2016, Barclays said it Upgrades its rating on Computer Sciences Corporation. The shares have been rated ‘Overweight’ by the firm. On May 25, 2016, Raymond James said it Downgrades its rating on Computer Sciences Corporation. The shares have been rated ‘Market Perform’ by the firm.

Computer Sciences Corporation (CSC) shares turned negative on Wednesdays trading session with the shares closing down -1.03 points or -2.20% at a volume of 11,29,543. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.63. The peak price level was also seen at $46.63 while the days lowest was $45.55. Finally the shares closed at $45.74. The 52-week high of the shares is $52.55 while the 52-week low is $24.27. According to the latest information available, the market cap of the company is $6,423 M.

Computer Sciences Corporation(CSC) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $1.93B. Analysts had an estimated revenue of $1.91B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, John M Lawrie (Chairman, President and CEO) sold 6,400 shares at $47.95 per share price.Also, On Jun 22, 2016, James R Smith (Exec VP & GM GBS) sold 33,751 shares at $51.20 per share price.On Jun 21, 2016, William L Jr Deckelman (Exec VP and General Counsel) sold 17,751 shares at $51.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS) which is a provider of various technology solutions including consulting applications services and software; Global Infrastructure Services (GIS) which provides solutions such as managed and virtual desktop solutions and data center management and North American Public Sector (NPS) which delivers IT mission and operations-related services. Its subsidiary ServiceMesh Inc. (ServiceMesh) is a provider of enterprise cloud management software. ServiceMesh also provides various other services such as tiered services levels different levels of security self-service options governance policy and real time monitoring. CSC’s subsidiary Fruition Partners provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

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