Jefferies Believes Cognizant (NASDAQ: CTSH) Won’t Stop Here

By Carrie Williams

In a report released yesterday, Ken Usdin from Jefferies reiterated a Buy rating on Cognizant (NASDAQ: CTSH), with a price target of $81. The company’s shares closed yesterday at $73.60, close to its 52-week high of $74.10.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.6% and a 88.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Cognizant is Strong Buy and the average price target is $80, representing an 8.7% upside.

In a report issued on October 4, BMO Capital also reiterated a Buy rating on the stock with a $76 price target.

The company has a one-year high of $74.10 and a one-year low of $49.35. Currently, Cognizant has an average volume of 2.95M.

Based on the recent corporate insider activity of 188 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, John E. Klein, a Director at CTSH sold 11,560 shares for a total of $830,702.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following segments: Financial Services, Healthcare, Manufacturing, Retail and Logistics, and Other.