What Analysts Are Saying About Cognizant Tech Solns Stock

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In the last three months, 9 analysts have published ratings on Cognizant Tech Solns CTSH, offering a diverse range of perspectives from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 1 7 0 0
Last 30D 0 0 0 0 0
1M Ago 0 1 1 0 0
2M Ago 0 0 2 0 0
3M Ago 1 0 4 0 0

In the assessment of 12-month price targets, analysts unveil insights for Cognizant Tech Solns, presenting an average target of $72.89, a high estimate of $85.00, and a low estimate of $65.00. This upward trend is apparent, with the current average reflecting a 0.54% increase from the previous average price target of $72.50.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive Cognizant Tech Solns. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Moshe Katri Wedbush Raises Outperform $85.00 $75.00
Ramsey El-Assal Barclays Announces Equal-Weight $75.00 -
Alex Haissl Redburn Atlantic Announces Neutral $68.00 -
Kevin Mcveigh UBS Announces Neutral $70.00 -
Keith Bachman BMO Capital Lowers Market Perform $73.00 $78.00
Tien-Tsin Huang JP Morgan Lowers Neutral $72.00 $77.00
James Faucette Morgan Stanley Lowers Equal-Weight $65.00 $68.00
James Faucette Morgan Stanley Raises Equal-Weight $68.00 $65.00
Ashwin Shirvaikar Citigroup Raises Buy $80.00 $72.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cognizant Tech Solns. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cognizant Tech Solns compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Cognizant Tech Solns's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Cognizant Tech Solns's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Cognizant Tech Solns analyst ratings.

Delving into Cognizant Tech Solns's Background

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

Cognizant Tech Solns: Delving into Financials

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: Over the 3 months period, Cognizant Tech Solns showcased positive performance, achieving a revenue growth rate of 0.82% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.72%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Cognizant Tech Solns's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.07%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Cognizant Tech Solns's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.91% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Cognizant Tech Solns's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: What Are They?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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