In a report released today, Shaul Eyal from Oppenheimer assigned a Hold rating to CA Inc (NASDAQ: CA). The company’s shares closed yesterday at $35.56.
Eyal observed:
“On 5/30, CA hosted its York, highlighting the progress it has made in transforming itself, the remaining steps in the process, and important industry trends informing its strategy. CA sees the modern software factory succeeding by following four key principles: agility, automation, insights and security, and leveraging new technologies such as modern application architectures, analytics, machine learning/ artificial intelligence and blockchain technologies. In addition, in conjunction with changes related to the adoption of accounting rule ASC 606, CA is moving to make its financials easier to interpret. Management detailed several market trends and strategies it is leveraging to achieve accelerated growth and improved profitability over the medium to long term. Maintain Perform.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.9% and a 66.6% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
Currently, the analyst consensus on CA Inc is Hold and the average price target is $35.67, representing a 0.3% upside.
In a report released yesterday, Credit Suisse also assigned a Hold rating to the stock with a $37 price target.
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The company has a one-year high of $37.25 and a one-year low of $30.45. Currently, CA Inc has an average volume of 2.45M.
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.
