CSRA, Inc. (CSRA): Notes From Management Meetings - Jefferies

September 14, 2016 9:04 AM EDT
Get Alerts CSRA Hot Sheet
Price: $32.54 +0.31%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies analyst, Amit Singh, reiterated his Buy rating on share of CSRA (NYSE: CSRA) afterr a series of management meetings. Key takeaways include:

1) CSRA expects F2Q17 book-to-bill to be at or above F2Q16 level (1.7x)

2) the company plans to materially expand near-shore delivery capabilities

3) theres an increasing focus on M&A

4) the analyst has an increased confidence in CSRA's long-term guidance of 16-17% adj. EBITDA margin

No change to the price target of $35.

For an analyst ratings summary and ratings history on CSRA click here. For more ratings news on CSRA click here.

Shares of CSRA closed at $26.32 yesterday.

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