In a report released today, Abhey Lamba from Mizuho Securities maintained a Hold rating on CA Inc (NASDAQ: CA), with a price target of $34. The company’s shares opened today at $34.40.
Lamba observed:
“We think current valuation offers balanced risk/reward over the NTM appropriately. Maintain Neutral and $34 PT.”
According to TipRanks.com, Lamba is a 5-star analyst with an average return of 14.5% and a 72.9% success rate. Lamba covers the Technology sector, focusing on stocks such as CommVault Systems, Microstrategy Inc, and Ultimate Software.
Currently, the analyst consensus on CA Inc is Hold and the average price target is $35.50, representing a 3.2% upside.
In a report released today, Credit Suisse also reiterated a Hold rating on the stock with a $37 price target.
See today’s analyst top recommended stocks >>
Based on CA Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.09 billion and GAAP net loss of $93 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $155 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
