Technology

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Ended Green during Last Trade

Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares traded 0.20% during the most recent session the stock exchanged hands 5.01M shares versus average trading capacity of 3.93M shares, yielding a market cap of $35.86B. Wall Street analysts covering the stock are projecting that the stock will reach $65.68 within the next 52-weeks. The mean target projections are based on 31 opinions, the mean target was last revised on 04/19/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cognizant Technology Solutions Corp (NASDAQ:CTSH) high price target of $75.00 and with a conservative view have low price target of $38.00 with a standard deviation of $6.08. If seeing target price from optimistic overview then it has a 24 percent upside potential from the latest closing price of $60.35.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) received “Upgrade” rating by SunTrust in a research note issued to investors on Apr-13-17 from Hold to Buy.

Additionally on Mar-29-17 Cognizant Technology Solutions Corp (NASDAQ:CTSH) was “Initiated” by Berenberg as Hold and on Jan-31-17 the stock was “Downgraded” by Morgan Stanley from Overweight to Equal-Weight. Furthermore on Jan-10-17 the stock was “Initiated” by Loop Capital as Hold.

On the other hand the company has Relative Strength Index (RSI 14) of 63.49 along with Average True Range (ATR 14) of 0.77, Consequently Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s weekly and monthly volatility is 1.10%, 1.27% respectively. The company’s beta value is at 1.33.

In terms of Buy, Sell or Hold recommendations, Cognizant Technology Solutions Corp (NASDAQ:CTSH) has analysts’ mean recommendation of 2.20. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Cognizant Technology Solutions Corp (NASDAQ:CTSH) will report earnings of $0.83 for the current quarter on or around 5/5/2017 Before Market Open, however the company’s high EPS estimates are $0.86 and low estimates are $0.72. However the company reported $0.8 earnings per share for the same quarter during last year.

Previously Cognizant Technology Solutions Corp (NASDAQ:CTSH) reported $0.76 earnings per share (EPS) for the quarter on 2/8/2017 Before Market Open, missing the consensus estimate of $0.77 by -$0.01. The company posted an earnings surprise of -1.30%.

While considering growth estimates of the company, it has next quarter growth estimates of 3.40% whereas during current quarter it has 3.70% estimations over growth, comparing to the estimations of 7.40% during current year and 17.90% for next year. Past 5 years growth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) observed at 19.20%, looking forward for the next 5 years it has a strong prediction of 12.59% over growth.

Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s revenue estimates for the current quarter are $3.52B according to 24 number of analysts, for the current quarter the company has high revenue estimates of $3.55B in contradiction of low revenue estimates of $3.45B. For the current year the company’s revenue estimates are $14.7B compared to low analyst estimates of $13.5B and high estimates of $15.05B according 33 number of analysts.

Currently Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares owned by insiders are 0.50%, whereas shares owned by institutional owners are 95.10%. However the six-month change in the insider ownership was recorded -2.74%, as well as three-month change in the institutional ownership was recorded -0.22%.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) is trading -4.55% away from its 52 week high of $63.23 and +32.81% far from the stock’s low point over the past 52 weeks, which was $45.44. The stock hit its 52-week high on 05/20/16, and 52-week low on 09/30/16. The company’s trailing twelve month income is 1.55B dollars.

Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s trailing twelve month revenues are $13.49B, whereas its price to sales ratio for the same period is 2.72. Its book value per share for the most recent quarter is $17.66 while its price to book ratio for the same period is 3.42, as for as the company’s cash per share for the most recent quarter is $8.51, however its price to cash per share ratio for the same period is 7.09. The stock has a current PEG ratio of 1.88 where as its trailing twelve month P/E ratio is 23.71.

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