PRSP Receives “Hold” As The Average Recommendation From Analysts


Perspecta Inc (NASDAQ: PRSP) received “hold” as the consensus recommendation from the 7 rating firms covering the company’s stock. Two research analysts issued a rating of “sell” and five analysts issued a rating of “hold” on the company’s stocks. The average target price for 12 months among brokerages covering the stock is $24.67 last year.

PRSP has been the topic of many research analysts’ reports. BidaskClub upgraded its ratings of the company’s stocks from “strong sell” to “sell” on November 5th, Thursday. Zacks Research cut its ratings of the company’s stocks from “hold” to “sell” on November 25th, Wednesday. Lastly, Morgan Stanley increased the price target of the company’s shares from $23.00 – $24.00 and issued a rating of “equal weight” on the company’s stocks on November 12th, Thursday.

More Details On PRSP Stock

PRSP stock opened on Friday at $24.04.The company has $14.03 as its one-year low and $29.44 as its one-year high. The firm has $22.72 as its moving average for 50 days and $21.47 as its moving average for 200 days. The company last announced the earnings report on November 10th, Tuesday. The firm reported an earnings/share of $0.53 for this quarter beating the consensus estimate of Zack by $0.03.It had $1.14 bn in revenue during this quarter in comparison to the $1.12 bn estimates by analysts. During a similar period, the previous year, the company reported an earnings/share of $0.54.The firm’s revenue decreased by 2.6% going by the Y-O-Y basis.

PRSP provides enterprise IT services for government customers across the local, state, and federal markets of the United States. The company modernizes, manages, transforms, and develops portfolios of enterprise applications for customers doing a shift in IT spending from operations and maintenance to innovation. It offers data and analytics services, also technology, engineering, research, and consulting solutions for the govt. including cloud, network configuration, data analytics, cybersecurity, and quantum computing capabilities.