In a report released yesterday, Brad Zelnick from Credit Suisse assigned a Hold rating to CA Inc (NASDAQ: CA), with a price target of $37. The company’s shares closed yesterday at $35.56.
Zelnick wrote:
“We attended NY, where management expounded on its ASC 606 adoption and introduced longer-term guidance for 2-3% organic growth. We appreciate the company’s focus on enabling the digital enterprise and facilitating rapid innovation with modern software development processes.”
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 9.8% and a 64.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Cornerstone Ondemand, and Ultimate Software.
CA Inc has an analyst consensus of Hold, with a price target consensus of $35.67.
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CA Inc’s market cap is currently $14.65B and has a P/E ratio of 31.54. The company has a Price to Book ratio of 2.49.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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CA, Inc. engages in the provision of information technology management software and solutions. It operates through the following segments: Enterprise Solutions, Mainframe Solutions and Services. The Enterprise Solutions segment includes products that are designed for distributed and cloud computing environments and run on industry standard servers.
