A share price of Cognizant Technology Solutions Corp. [CTSH] is currently trading at $68.27, down -0.50%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CTSH shares have lost -0.04% over the last week, with a monthly amount glided 3.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cognizant Technology Solutions Corp. [NASDAQ: CTSH] stock has seen the most recent analyst activity on June 24, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $72. Previously, Susquehanna downgraded its rating to Neutral on April 01, 2024, and dropped its price target to $80. On March 19, 2024, Guggenheim initiated with a Neutral rating and assigned a price target of $80 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $82 on January 30, 2024. Societe Generale downgraded its rating to a Sell but $67 remained the price target by the analyst firm on January 05, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on January 04, 2024. In a note dated December 14, 2023, Barclays upgraded an Equal Weight rating on this stock and boosted its target price from $61 to $75.
Cognizant Technology Solutions Corp. experienced fluctuations in its stock price throughout the past year between $62.14 and $80.09. Currently, Wall Street analysts expect the stock to reach $72.71 within the next 12 months. Cognizant Technology Solutions Corp. [NASDAQ: CTSH] shares were valued at $68.27 at the most recent close of the market. An investor can expect a potential return of 6.5% based on the average CTSH price forecast.
Analyzing the CTSH fundamentals
Trailing Twelve Months sales for Cognizant Technology Solutions Corp. [NASDAQ:CTSH] were 19.30B which represents -1.08% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.16 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.09 points at the first support level, and at 67.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.62, and for the 2nd resistance point, it is at 68.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cognizant Technology Solutions Corp. [NASDAQ:CTSH] is 2.35. Further, the Quick Ratio stands at 2.35, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 16.40.
Transactions by insiders
Recent insider trading involved Diaz Kathryn, EVP, Chief People Officer, that happened on Mar 12 ’24 when 900.0 shares were sold. Director, Patsalos-Fox Michael completed a deal on Feb 21 ’24 to sell 10000.0 shares.
