Perspecta (PRSP) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Perspecta (NASDAQ:PRSP) in a report published on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $35.00 target price on the stock.

Several other brokerages have also commented on PRSP. Wells Fargo & Co upgraded Perspecta from a market perform rating to an outperform rating in a research note on Friday, September 14th. Zacks Investment Research upgraded Perspecta from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Wednesday, August 22nd. Cowen restated a buy rating and set a $32.00 price target on shares of Perspecta in a research note on Thursday, August 2nd. Loop Capital assumed coverage on Perspecta in a research report on Thursday, August 9th. They set a hold rating and a $23.00 price objective on the stock. Finally, Vertical Research assumed coverage on Perspecta in a research report on Tuesday, June 26th. They set a hold rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $28.00.

Shares of Perspecta stock opened at $25.03 on Tuesday. Perspecta has a 12 month low of $19.84 and a 12 month high of $27.68.

Perspecta (NASDAQ:PRSP) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The firm had revenue of $793.00 million for the quarter, compared to analysts’ expectations of $1.05 billion.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Wednesday, September 5th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, September 4th.

A number of hedge funds have recently modified their holdings of PRSP. Bank of Montreal Can bought a new stake in Perspecta during the second quarter valued at about $6,113,000. Regent Investment Management LLC bought a new stake in Perspecta during the second quarter valued at about $854,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Perspecta during the second quarter valued at about $418,000. Retirement Systems of Alabama bought a new stake in Perspecta during the second quarter valued at about $3,796,000. Finally, Westpac Banking Corp bought a new stake in Perspecta during the second quarter valued at about $147,000.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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Analyst Recommendations for Perspecta (NASDAQ:PRSP)

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