Cognizant Technology Solutions Corp. (NASDAQ:CTSH) had its price objective raised by BMO Capital Markets from $76.00 to $82.00 in a research report released on Wednesday morning, Analyst Ratings Network reports.
BMO Capital Markets has also modified their ratings on a number of other information technology stocks in the few days. The firm raised its price target on shares of Computer Sciences Corp. from $51.00 to $54.00. Also, BMO Capital Markets lowered its price target on shares of Gartner Inc. from $65.00 to $61.00. They have a market perform rating on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Cognizant Technology Solutions Corp. from $70.00 to $80.00 in a research note to investors on Wednesday. They now have an equal weight rating on the stock. Separately, analysts at Citigroup Inc. cut their EPS estimates on shares of Cognizant Technology Solutions Corp. in a research note on Wednesday. They now have a $90.00 price target on the stock. Finally, analysts at Berenberg Bank upgraded shares of Cognizant Technology Solutions Corp. from a hold rating to a buy rating in a research note to investors on Wednesday. They now have a $87.00 price target on the stock, up previously from $61.00.
Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $83.60.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 0.71% on Wednesday, hitting $73.41. Cognizant Technology Solutions Corp. has a 1-year low of $60.92 and a 1-year high of $81.08. The stock’s 50-day moving average is currently $69.01. The company has a market cap of $22.142 billion and a price-to-earnings ratio of 20.35.
In other Cognizant Technology Solutions Corp. news, CFO Karen Mcloughlin sold 1,200 shares of Cognizant Technology Solutions Corp. stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $75.92, for a total value of $91,104.00. Following the completion of the sale, the chief financial officer now directly owns 10,626 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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