Cognizant Technology Solutions Corporation (CTSH) Receives ‘Analyst’ Rating

Cognizant Technology Solutions Corporation (CTSH) : Zacks Investment Research ranks Cognizant Technology Solutions Corporation (CTSH) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.63, which indicates as a Buy.

Cognizant Technology Solutions Corporation (CTSH) stock is expected to deviate a maximum of $2.68 from the average target price of $66.56 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $60.


Also, Wedbush initiates coverage on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $65 per share. The rating by the firm was issued on September 9, 2016.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): After opening at $53.26, the stock dipped to an intraday low of $52.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $54.41 and the buying power remained strong till the end. The stock closed at $54.1 for the day, a gain of 0.13% for the day session. The total traded volume was 6,539,045. The stocks close on the previous trading day was $54.03.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.

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