A statement released earlier today by Vetr Inc. about Cognizant Technology Solutions Corp (NASDAQ:CTSH) bumps the target price to $60.52
- Updated: October 2, 2016
Vetr Inc. bumped up the target of Cognizant Technology Solutions Corp (NASDAQ:CTSH) to $60.52 stating a potential upside of 0.27%.
Boasting a price of $47.71, Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded -13.25% lower on the day. With the last stock price close down -18.82% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cognizant Technology Solutions Corp has recorded a 50-day average of $55.95 and a two hundred day average of $58.77. Volume of trade was up over the average, with 53,397,247 shares of CTSH changing hands over the typical 4,940,950
With a total market value of $0, Cognizant Technology Solutions Corp has price-earnings ratio of 19.24 with a one year low of $45.44 and a one year high of $69.80 .
A total of 26 equity analysts have released a ratings update on CTSH. Eleven equity analysts rating the company a strong buy, seventeen equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $69.50.
Brief Synopsis About Cognizant Technology Solutions Corp (NASDAQ:CTSH)
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company's competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.
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