Active Stock's Momentum: Cognizant Technology Solutions Corporation (NASDAQ:CTSH), SeaWorld Entertainment
Feb 10, 2017, 01:44
(NYSE:SEAS) as "STRONG BUY", 2 rated as "BUY" and 3 issued a "HOLD" rating. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. A stock ATR is the difference between the high and low price on any given day. Recently, investment analysts covering the stock have updated the mean rating to 2.3.
Though Cognizant Technology Solutions Corp (NASDAQ:CTSH) underwhelmed slightly on revenue and 2017 guidance when it released fourth-quarter results yesterday, the firm's quarterly non-GAAP EPS did outperform expectations.
The company reported fourth-quarter net income of $416 million, compared with $424 million for the same period a year ago.
Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. Cognizant Technology Solutions Corp (NASDAQ:CTSH) marked 52-week highest price level of $63.23 on 05/20/16 and 52-week lowest price level of $45.44 on 09/30/16. Based on a raw data interpretation, this perspective doesn't suggest either an overbought or oversold condition. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Its quick ratio for most recent quarter is 3.60 along with current ratio for most recent quarter of 3.60. The price to earnings growth is 1.90 and the price to sales ratio is 17. "I am confident that we are well-positioned to drive long-term shareholder value as we continue investing in exciting new areas of growth for Cognizant and our clients around the world". The company now has a Return on Equity of 16.00% and Return on Investment of 15.20%.
"The management has committed to expand margins and return cash to shareholders (in line with activist Elliott's plan); we view the stock as good value", David Koning, analyst with United States brokerage RW Baird, said in a note. The company's quarterly performance represents an optimistic momentum of 29.19 percent, with a decline of -0.59 percent in the stock price over the last one month. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 8 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.
Along with these its year to date performance is standing at 0.75%.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 52.76 on Tuesday. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance. The overall volume in the last trading session was 20.8 million shares. The company has Relative Strength Index (RSI 14) of 56.29 along with Average True Range (ATR 14) of 1.33. Developed by J. Welles Wilder, ATR is an indicator that measures volatility.
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The company's consensus rating on Reuter's scale has slipped from 2.06 to 2.06 during a month. Total debt to equity ratio of the company for most recent quarter is 0.09 while Long term debt to equity ratio for same time period is 0.08.
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