Cognizant Technology Solutions Corp. (NASDAQ:CTSH)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Monday, American Banking and Market News reports. They currently have a $92.00 price objective on the stock. Deutsche Bank’s price target points to a potential upside of 6.14% from the stock’s previous close.
Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 2.03% on Monday, hitting $88.44. 1,467,879 shares of the company’s stock traded hands. 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 $74.08 and its 200-day moving average is $70.59. The company has a market cap of $26.653 billion and a price-to-earnings ratio of 23.10.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts predict that Cognizant Technology Solutions Corp. will post $3.98 earnings per share for the current fiscal year.
In other Cognizant Technology Solutions Corp. news, COO Sridhar Thiruvengadam sold 42,200 shares of Cognizant Technology Solutions Corp. stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $86.51, for a total value of $3,650,722.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Tigress Financial initiated coverage on shares of Cognizant Technology Solutions Corp. in a research note to investors on Thursday, October 17th. They set a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Cognizant Technology Solutions Corp. from $80.00 to $92.00 in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Cognizant Technology Solutions Corp. in a research note to investors on Wednesday, September 18th. They now have a $85.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $85.56.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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