Cognizant Technology Solutions Corporation (CTSH) stock is expected to deviate a maximum of $3.23 from the average target price of $69.06 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $79 and the most muted being $65.
Cognizant Technology Solutions Corporation (CTSH) has shown a rise of 11.6% or 743,797 shares in the short positions. The bets have increased to 7,151,759 shares on June 30,2016 from 6,407,962 shares on June 15,2016. With respect to the floated shares, the shorts are 1.2%. The days to cover are calculated to be 1, using the standard per day volume of 5,128,486 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In a research note released to the investors, Barclays maintains its rating on Cognizant Technology Solutions Corporation (NASDAQ:CTSH).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays lowers the new price target from $70 per share to $66 per share. The rating by the firm was issued on July 7, 2016.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): stock turned positive on Thursday. Though the stock opened at $59.07, the bulls momentum made the stock top out at $59.41 level for the day. The stock recorded a low of $58.73 and closed the trading day at $58.94, in the green by 0.77%. The total traded volume for the day was 2,711,612. The stock had closed at $58.49 in the previous days trading.
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.