CA Inc Receives a Hold from Evercore ISI


Evercore ISI analyst Kirk Materne maintained a Hold rating on CA Inc (NASDAQ: CA) on July 11 and set a price target of $44.50. The company’s shares closed yesterday at $44.06, close to its 52-week high of $44.20.

According to TipRanks.com, Materne is a 5-star analyst with an average return of 28.0% and a 81.8% success rate. Materne covers the Technology sector, focusing on stocks such as Oracle Corp, Workday Inc, and ServiceNow.

Currently, the analyst consensus on CA Inc is a Hold with an average price target of $39.20, representing a -11.0% downside. In a report issued on July 12, Wells Fargo also upgraded the stock to Hold with a $44.50 price target.

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The company has a one-year high of $44.20 and a one-year low of $30.45. Currently, CA Inc has an average volume of 3.68M.

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.

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