Barclays analyst Ramsey El Assal maintained a Hold rating on Cognizant (CTSH – Research Report) today and set a price target of $75.00. The company’s shares closed yesterday at $66.76.
According to TipRanks, El Assal is a 3-star analyst with an average return of 1.7% and a 54.12% success rate. El Assal covers the Technology sector, focusing on stocks such as Fiserv, Fidelity National Info, and WEX.
In addition to Barclays, Cognizant also received a Hold from Morgan Stanley’s James Faucette in a report issued on April 19. However, on April 22, Citi maintained a Buy rating on Cognizant (NASDAQ: CTSH).
The company has a one-year high of $80.09 and a one-year low of $57.12. Currently, Cognizant has an average volume of 4.44M.
Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTSH in relation to earlier this year.
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Cognizant (CTSH) Company Description:
Incorporated in 1994 and based in New Jersey, Cognizant Technology Solutions Corp. is a professional services company, which provides information technology, consulting, and business process outsourcing services. It operates through four business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology.
Read More on CTSH:
- 3 Best Blue-Chip Stocks to Buy in April 2024, According to Analysts
- Cognizant, Microsoft announce global partnership
- Cognizant price target lowered to $82 from $90 at Citi
- Cognizant signs infrastructure agreement with McCormick & Company
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
