RBC Capital Sticks to Its Hold Rating for CA Inc

By Ryan Adsit

RBC Capital analyst Matthew Hedberg reiterated a Hold rating on CA Inc (NASDAQ: CA) yesterday and set a price target of $44.50. The company’s shares closed yesterday at $44.15, close to its 52-week high of $44.20.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 34.4% and a 82.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Varonis Systems, and Citrix Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for CA Inc with a $39.20 average price target, representing a -11.2% downside. In a report released yesterday, Wells Fargo also upgraded the stock to Hold with a $44.50 price target.

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The company has a one-year high of $44.20 and a one-year low of $30.45. Currently, CA Inc has an average volume of 3.42M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

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CA, Inc. engages in the provision of information technology management software and solutions. It operates through the following segments: Enterprise Solutions, Mainframe Solutions and Services. The Enterprise Solutions segment includes products that are designed for distributed and cloud computing environments and run on industry standard servers.