Cognizant Technology Solutions Corp [NASDAQ: CTSH] slipped around -0.32 points on Monday, while shares priced at $84.55 at the close of the session, down -0.38%.
Compared to the average trading volume of 2.98M shares, CTSH reached a trading volume of 8623513 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cognizant Technology Solutions Corp [CTSH]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTSH shares is $90.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTSH stock is a recommendation set at 2.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Cognizant Technology Solutions Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on August 28, 2024, representing the official price target for Cognizant Technology Solutions Corp stock. Previously, the target price had yet another raise from $73 to $75, while BofA Securities kept a Neutral rating on CTSH stock.
The Average True Range (ATR) for Cognizant Technology Solutions Corp is set at 1.71, with the Price to Sales ratio for CTSH stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 2.90, with the Price to Cash per share for the same quarter was set at 4.53. Price to Free Cash Flow for CTSH in the course of the last twelve months was 22.89 with Quick ratio for the last quarter at 2.09.
How has CTSH stock performed recently?
Cognizant Technology Solutions Corp [CTSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.78. With this latest performance, CTSH shares gained by 6.11% in over the last four-week period, additionally plugging by 10.35% over the last 6 months – not to mention a rise of 9.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTSH stock in for the last two-week period is set at 50.50, with the RSI for the last a single of trading hit 42.77, and the three-weeks RSI is set at 53.84 for Cognizant Technology Solutions Corp [CTSH]. The present Moving Average for the last 50 days of trading for this stock 81.22, while it was recorded at 86.83 for the last single week of trading, and 75.67 for the last 200 days.
Cognizant Technology Solutions Corp [CTSH]: Deeper insight into the fundamentals
Cognizant Technology Solutions Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.09 and a Current Ratio set at 2.09.
Earnings analysis for Cognizant Technology Solutions Corp [CTSH]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cognizant Technology Solutions Corp go to 7.45%.
Insider trade positions for Cognizant Technology Solutions Corp [CTSH]
The top three institutional holders of CTSH stocks are: VANGUARD GROUP INC with ownership of 58.17 million shares, which is approximately 11.7043%. BLACKROCK INC., holding 53.01 million shares of the stock with an approximate value of $$3.6 billion in CTSH stocks shares; and BLACKROCK INC., currently with $$1.64 billion in CTSH stock with ownership which is approximately 4.8528%.
