RBC Capital Sticks to Its Hold Rating for CA Inc


RBC Capital analyst Matthew Hedberg reiterated a Hold rating on CA Inc (NASDAQ: CA) yesterday and set a price target of $44.50. The company’s shares closed yesterday at $44.15, close to its 52-week high of $44.20.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 34.4% and a 82.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Varonis Systems, and Citrix Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for CA Inc with a $39.20 average price target, representing a -11.2% downside. In a report released yesterday, Wells Fargo also upgraded the stock to Hold with a $44.50 price target.

.

See today’s analyst top recommended stocks >>

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 3.42M.

Based on the recent corporate insider activity of 46 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts