The stocks of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been Initiated to Underweight by Barclays in its latest research note that was published on September 20. CTSH was given a price target of $64, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Neutral to Sell rating from UBS with the price target of $62 to $60. This was contained in a research note published by the firm on August 02. The stock received a Buy to Hold rating and a price target of $72 to $70 in HSBC Securities’s research note that was published on July 23.
Cognizant’s stock is covered by 29 analysts, with 5 of them rating the stock as Buy. It has been deemed to have strong buy by 3 of the analysts, 17 of them have rated it as a Hold while 3 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 5 analysts. 3 of them rated it as strong buy with 18 of them recommended investors to Hold on to the stock. Meanwhile, 1 analyst(s) rated it as a sell. The above data shows that CTSH has an average analyst rating of Hold.
Cognizant Technology Solutions Corporation, which has current market capitalization of above $36 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $4 Billion in revenue, which saw a quarterly growth rate of 3.37 percent. During that quarter of the year, Cognizant also recorded $1.08 earnings per share (EPS) which is $0.03 above the $1.05 estimated by the analysts, leading to a surprise factor of 2.86%.
CTSH surged by $1.30 during the normal trading session on Thursday and reaching a high of $63.56 during the day while it closed the day at $63.03. The Cognizant stock had a low trading volume of 2.66 million shares on that day, which is low compared to the average daily volume of 3.04M shares. CTSH has also gained 3.43% of its value over the past 7 days. However, the stock has surged by 0.91% in the 3 months of the year. Over the past six months meanwhile, it has gained 6.60% while it has lost 0.71% year-on date.
Shares in National Retail Properties, Inc. (NYSE:NNN) fell by -0.39 percent on Thursday. The company’s stock began trading at $56.09 below the previous closing price of $56.31, and finished the day at $56.18. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -5.2% from its 3 months high price. However, taking another look at NNN will indicate that it is trading +6.42% away from its 90-day low. Looking at the bigger picture, the National Retail Properties, Inc. stock has dropped by -5.2% from its 52-week high while it has surged by +23.61% from its 52-week low price.
On August 22, 2019 Miller Michelle Lynn, EVP & Chief Accounting Officer sold 1,700 shares of the company. The average price for that transaction was $55.44 per share, which meant that Miller Michelle Lynn earned $94,248.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP & Chief Accounting Officer, Miller Michelle Lynn selling 1,500 shares of this stock on June 13, 2019. The average selling price for the stock was $54.91 per share, with the sold stock accruing $82,365.00.
Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that NNN stock was rated as a Hold by TrendSpotter. Its short-term indicators reveal that National has a 20-day average volume of 982070 shares. This has led to the NNN price forecast being placed as a 50%Buy on an average basis. In the medium term, however, the NNN stock has its 50-Day average volume of 1124862 shares, with the indicators also rating it as a 50%Buy. Finally, in the long-term, the NNN stocks have a 100-Day average volume of 1037405 shares, with the long-term indicators rating the stock as just 100%Buy. Looking at the three indicators, the NNN stock has been set on a 0.64 Buy rating.
Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 52.4%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 23.76%. Over the past 20 days, National’s Stochastic %K stood at 19.44% while its Stochastic %D was revealed to be 25.18%.