Cognizant Technology Solutions Corp. (CTSH) concluded trading on 01/11/24 at a closing price of $74.88, with 4.4 million shares of worth about $329.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.62% during that period and on Thursday the price saw a gain of about 2.09%. Currently the company’s common shares owned by public are about 509.00M shares, out of which, 500.44M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 30 analysts are covering the CTSH stock and their offered price forecasts bring an average price target of $73.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $91.00 and could fall to a lowest price of $64.00. The stock’s current price level is -1.53% below of average price target set by the analysts, while a dip to estimated low would result in loss of -17.0% for the stock. However, touching the estimated high of $91.00 would mean a gain of 17.71% for the stock.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 259 times over the past 12 months. They bought 284,998 shares in 159 of the transactions. In 100 selling transactions, insiders dumped 139,974 shares.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) started trading at $73.87, above $0.52 from concluding price of the previous day. However, the stock later moved at a day high price of 74.92, or with a gain of 2.09%. Stock saw a price change of 1.75% in past 5 days and over the past one month there was a price change of 4.46%. Year-to-date (YTD), CTSH shares are showing a performance of -0.86% which increased to 22.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $56.45 but also hit the highest price of $76.85 during that period. The average intraday trading volume for Cognizant Technology Solutions Corp. shares is 3.28 million. The stock is currently trading 0.65% above its 20-day simple moving average (SMA20), while that difference is up 5.82% for SMA50 and it goes to 12.18% higher than SMA200.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) currently have 509.00M outstanding shares and institutions hold larger chunk of about 96.28% of that.
The stock has a current market capitalization of $37.55B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 18.23, while it has posted earnings per share of $4.11 in the same period. Its PEG reads 4.15 and has Quick Ratio of 2.23 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTSH, volatility over the week remained 1.26% while standing at 1.39% over the month.
Analysts are in expectations that Cognizant Technology Solutions Corp. (CTSH) stock would likely to be making an EPS of $1.04 in the current quarter, while forecast for next quarter EPS is $1.1 and it is $4.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.98 which is $1.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.39% while it is estimated to increase by 3.84% in next year. EPS is likely to shrink at an annualized rate of 4.39% for next 5-years, compared to annual growth of 11.79% made by the stock over the past 5-years.
Analysts at 30 brokerage firms have issued recommendations for the Cognizant Technology Solutions Corp. (CTSH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.73. Out of those 30 Wall Street analysts, 6 recommended a “Buy” rating, while 20 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Societe Generale on January 05, 2024 offering a Sell rating for the stock and assigned a target price of $67 to it.
