Computer Sciences (NYSE:CSC) was Upped at Citigroup from a Neutral Rating to Buy One

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Citigroup Analyst Rating Change Computer Sciences NYSE:CSC

Computer Sciences (NYSE:CSC) Rating Improved

Equity analysts at Citigroup’s research division upgraded Computer Sciences (NYSE:CSC)’s stock from Neutral to Buy on Thursday, 13 October.

Despite the rating upgrade NYSE:CSC is right now trading 0.00% lower at $51.48 as of 04:22 New York time. Computer Sciences shares have risen 56.38% in the past 200 days, while the S&P500 has risen 4.02% in the same time.

According to data compiled by Thomson Reuters, Computer Sciences (NYSE:CSC)’s stock is covered by 14 equity analysts across the Street, with 0 analysts giving it a Sell rating, 4 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $33.29, which reflects an downside potential of 35.33% over the current price.

NYSE:CSC Price Chart & Trend

The stock price of Computer Sciences has skyrocketed 56.38% over the last 200 days, and is in energetic up trend. In the last 50 and 100 days, Computer Sciences is up 8.17% and up 47.04%, respectively. Our stocks momentum model is shown on the price chart below. Computer Sciences (NYSE:CSC) was Upped at Citigroup from a Neutral Rating to Buy One

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Isf Management Llc had the most significant stake with ownership of 122,857 shares as of q2 2015 for 9.43% of the stock exposure. Sandell Investment Services Llc is another bullish fund who is owning 55,200 shares of Computer Sciences or 3.94% of their stock exposure. In addition, Jana Partners Llc have 3.14% of their stock exposure invested in the company for 8.04M shares. The Connecticut-based fund Blue Harbour Group L.P. disclosed it had acquired so far a stake worth about 3.07% of the fund’s stock portfolio in Computer Sciences. The Ontario – Canada-based fund Ci Global Investments Inc. is also positive about the stock, possessing 1.60M shares or 3.03% of their stock exposure.Over the last six months, Computer Sciences NYSE:CSC has seen 0 insider buying transactions, and 4 insider selling transactions. The net result was for 4 transactions, worth $898,185.

Computer Sciences (NYSE:CSC) Profile

Computer Sciences CorpComputer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.

Computer Sciences (NYSE:CSC) closed at $51.48 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.63 million shares. Computer Sciences has a 52 week low of $24.27 and a 52 week high of $53.46. The company has a market cap of $7.37 billion and a P/E ratio of 15413.17.

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