With 2.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.0 million shares. The 52-week range on CTSH shows that it touched its highest point at $90.82 and its lowest point at $63.79 during that stretch. It currently has a 1-year price target of $90.28. With its current market cap of 43.30 billion, CTSH has annualized dividend of $1.21 while the current yield stands at 1.38%. Beta for the stock currently stands at 1.13.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CTSH was down-trending over the past week, with a drop of -0.61%, but this was up by 11.59% over a month. Three-month performance surged to 13.53% while six-month performance rose 15.20%. The stock gained 13.69% in the past year, while it has gained 13.84% so far this year. A look at the trailing 12-month EPS for CTSH yields 4.51 with Next year EPS estimates of 5.39. For the next quarter, that number is 1.20. This implies an EPS growth rate of 5.41% for this year and 7.58% for next year. EPS is expected to grow by 7.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.50%.
Float and Shares Shorts:
At present, 495.00 million CTSH shares are outstanding with a float of 491.99 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CTSH since 10 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.68443 being high and $4.62451 being low. For CTSH, this leads to a yearly average estimate of $4.65447. Based on analyst estimates, the high estimate for the next quarter is $1.27 and the low estimate is $1.16. The average estimate for the next quarter is thus $1.23.
