Cognizant Technology Solutions Corp [CTSH] stock is trading at $81.74, up 0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTSH shares have gain 8.42% over the last week, with a monthly amount glided 6.47%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities upgraded its rating to Neutral on August 07, 2024, and elevated its price target to $75. On June 24, 2024, Goldman initiated with a Neutral rating and assigned a price target of $72 on the stock. Susquehanna downgraded its rating to a Neutral and decreased its price target to $80 on April 01, 2024. Guggenheim initiated its recommendation with a Neutral and recommended $80 as its price target on March 19, 2024. Mizuho started tracking with a Neutral rating for this stock on January 30, 2024, and assigned it a price target of $82. In a note dated January 05, 2024, Societe Generale downgraded an Sell rating on this stock but restated the target price of $67.
Cognizant Technology Solutions Corp [CTSH] stock has fluctuated between $63.79 and $82.19 over the past year. Currently, Wall Street analysts expect the stock to reach $75.88 within the next 12 months. Cognizant Technology Solutions Corp [NASDAQ: CTSH] shares were valued at $81.74 at the most recent close of the market. An investor can expect a potential drop of -7.17% based on the average CTSH price forecast.
Analyzing the CTSH fundamentals
Cognizant Technology Solutions Corp [NASDAQ:CTSH] reported sales of 19.41B for the trailing twelve months, which represents a growth of 3.00%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.24 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 0.1.
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 81.36 points at the first support level, and at 80.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.03, and for the 2nd resistance point, it is at 82.31.
Ratios To Look Out For
For context, Cognizant Technology Solutions Corp’s Current Ratio is 2.23. On the other hand, the Quick Ratio is 2.23, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 18.08.
Transactions by insiders
Recent insider trading involved Singisetti Ravi Kumar, Chief Executive Officer, that happened on Aug 06 ’24 when 6728.0 shares were sold. Officer, Singisetti Ravi Kumar completed a deal on Aug 06 ’24 to buy 6728.0 shares. Meanwhile, EVP, Chief People Officer Diaz Kathryn sold 900.0 shares on Mar 12 ’24.
