Why Computer Sciences Corporation (NYSE:CSC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.30 on Computer Sciences Corporation (NYSE:CSC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.83 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Computer Sciences Corporation (NYSE:CSC) stands at 104.13.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Computer Sciences Corporation C, the PEG ratio for coming 3-5 years is 2.08.

Technical Analysis

The technical analysis highlights that Computer Sciences Corporation C current is trading $-1.36 points away or -2.81% from its 50-day moving average of $48.53. Further it is trading $8.57 or +22.21% away its 200-day moving average of $38.60.

The 52-week high of Computer Sciences Corporation (NYSE:CSC) was $52.55 while lowest point recorded in 52-week was $24.27. It implies if stock price makes a movement of over $-5.38, it will record a new 52-week high. In the case of +94.36% drop, it will touch a new 52-week low.

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