At the time of writing, Cognizant Technology Solutions Corp [CTSH] stock is trading at $80.73, up 0.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTSH shares have lost -0.02% over the last week, with a monthly amount glided 7.08%, 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.
For the past year, the stock price of Cognizant Technology Solutions Corp fluctuated between $63.79 and $82.41. Currently, Wall Street analysts expect the stock to reach $80.17 within the next 12 months. Cognizant Technology Solutions Corp [NASDAQ: CTSH] shares were valued at $80.73 at the most recent close of the market. An investor can expect a potential drop of -0.69% based on the average CTSH price forecast.
Analyzing the CTSH fundamentals
According to Cognizant Technology Solutions Corp [NASDAQ:CTSH], the company’s sales were 19.41B for trailing twelve months, which represents an 3.00% jump. 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 0.12%. 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 0.1.
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 80.27 points at the first support level, and at 79.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.06, and for the 2nd resistance point, it is at 81.38.
Ratios To Look Out For
It is important to note that Cognizant Technology Solutions Corp [NASDAQ:CTSH] has a current ratio of 2.23. As well, the Quick Ratio is 2.23, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 2.77 and price to earnings (TTM) ratio is 17.86.
Transactions by insiders
Recent insider trading involved Diaz Kathryn, Officer, that happened on Dec 05 ’24 when 3821.0 shares were purchased. EVP, CLO, CAO, Kim John Sunshin completed a deal on Dec 03 ’24 to sell 5000.0 shares. Meanwhile, Officer JOHN KIM bought 5000.0 shares on Dec 03 ’24.
