At the time of writing, Cognizant Technology Solutions Corp [CTSH] stock is trading at $83.54, up 0.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTSH shares have gain 3.19% over the last week, with a monthly amount glided 9.33%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cognizant Technology Solutions Corp [NASDAQ: CTSH] stock has seen the most recent analyst activity on December 17, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $95 from $80. On August 07, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $75 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $72 on June 24, 2024. Susquehanna downgraded its rating to a Neutral and reduced its price target to $80 on April 01, 2024. Guggenheim started tracking with a Neutral rating for this stock on March 19, 2024, and assigned it a price target of $80. In a note dated January 30, 2024, Mizuho initiated an Neutral rating and provided a target price of $82 on this stock.
For the past year, the stock price of Cognizant Technology Solutions Corp fluctuated between $63.79 and $83.47. Currently, Wall Street analysts expect the stock to reach $81.83 within the next 12 months. Cognizant Technology Solutions Corp [NASDAQ: CTSH] shares were valued at $83.54 at the most recent close of the market. An investor can expect a potential drop of -2.05% 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 0.13.
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 82.63 points at the first support level, and at 81.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.21, and for the 2nd resistance point, it is at 84.88.
Ratios To Look Out For
It is important to note that Cognizant Technology Solutions Corp [NASDAQ:CTSH] has a current ratio of 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 2.13, the price to book ratio is 2.87 and price to earnings (TTM) ratio is 18.48.
Transactions by insiders
Recent insider trading involved Dalal Jatin P, Chief Financial Officer, that happened on Dec 06 ’24 when 4900.0 shares were sold. Chief Financial Officer, Dalal Jatin P completed a deal on Dec 09 ’24 to sell 100.0 shares. Meanwhile, EVP, Chief People Officer Diaz Kathryn sold 3821.0 shares on Dec 05 ’24.
