CA (NASDAQ:CA) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of CA from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, August 9th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. TheStreet lowered shares of CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Argus lowered shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Jefferies Financial Group lowered shares of CA from a “buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a report on Tuesday, July 17th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.52.
NASDAQ CA traded up $0.03 on Friday, hitting $44.44. The stock had a trading volume of 23,213,804 shares, compared to its average volume of 6,159,412. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. CA has a 52-week low of $31.97 and a 52-week high of $44.47. The firm has a market capitalization of $18.58 billion, a P/E ratio of 19.49, a P/E/G ratio of 3.84 and a beta of 0.73.
Institutional investors and hedge funds have recently made changes to their positions in the company. BDO Wealth Advisors LLC purchased a new stake in shares of CA during the second quarter valued at $100,000. First Mercantile Trust Co. purchased a new stake in shares of CA during the second quarter valued at $113,000. Bbva Compass Bancshares Inc. purchased a new stake in CA in the third quarter valued at $151,000. Captrust Financial Advisors boosted its holdings in CA by 53.5% in the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in CA in the third quarter valued at $206,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
CA Company Profile
CA, Inc, doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.
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