William Blair downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Market Perform in a report released today.
- Updated: November 26, 2016
Having a price of $53.18, Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 2.68% higher on the day. The last stock price is down -5.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Cognizant Technology Solutions Corp has recorded a 50-day average of $52.14 and a two hundred day average of $56.53. Trading volume was down over the average, with 5,414,012 shares of CTSH changing hands under the typical 6,827,390
William Blair has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Market Perform in a statement released on Wednesday November 23, 2016.
Recent Performance Chart
Cognizant Technology Solutions Corp has 52 week low of $45.44 and a 52 week high of $65.25 with a PE ratio of 20.80 and has a market capitalization of $0.
Also covering Cognizant Technology Solutions Corp's price target, a total of 26 equity analysts have released a ratings update on CTSH. The one year target is $69.50 with eleven analysts rating the company a strong buy, seventeen analysts rating the company a buy, 3 firms rating the stock a hold, 0 firms rating the company a underperform, and lastly zero equity analysts rating the company a sell.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.