Cognizant Technology Solutions Corp (NASDAQ:CTSH) plunged -0.82% during previous trade, a total of 6.22M shares exchanged hands compared with its average trading volume of 4.62M shares whereas its relative volume is 0.98. The stock has a market capitalization of $34B along with 606.70M outstanding shares. Stock’s intraday price range hit the peak level of $57.12 and touched the lowest level of $56.27.
Most recently Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s price target was revised on 12/16/16 and according to 32 analysts stock’s price will reach at $63.66 during 52 weeks with standard deviation of 5.50. Stock’s minimum price target estimates has been figured out at $45 while the maximum price target forecast is established at $75, if we look at the price target with an optimistic approach it has upside potential of 33% from its latest closing price of $56.52.
Historically, if we look at price target revisions, three weeks ago Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s price target was revised on 11/22/16 by the analysts, however the bullish price estimates of the stock set at $70 while the bearish estimates kept at $48 over the next one year. Stock’s 52-week target was retained at $64 the estimates indicates a standard deviation of 5.50.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.00. ABR value is precisely based on brokerage recommendations, where out of 21 brokerage recommendations 10 rate Cognizant Technology Solutions Corp (NASDAQ:CTSH) stock a Strong Buy, 3 rate the stocks of the company a Buy, 6 rate Hold, 2 rate Sell and 0 recommend a Strong Sell. Most recently on 1/6/17 the stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) upgraded by Wedbush from Neutral to Outperform. However previously on 9/30/16 it was downgraded by Argus from Buy to Hold. A research note issued on 9/30/16 the stock was downgraded by Citigroup from Buy to Neutral.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) performance over the past one year plunged -6.13% whereas its year to date (YTD) performance indicated a bullish trend of 0.87%. During the last six months the stock slipped -6.13%. Quarterly performance of the company shows declining momentum of -2.15% while its last one month trend is negative with -0.30%. Stock’s weekly performance expressed down trend of -2.33%.
The company’s price sits 2.17% above from its 50-day moving average of $56.18 and -0.83% below from the stock’s 200-day moving average which is $55.36. Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares are currently trading -10.89% away from the 52-week high price of $63.43 and +24.38% far from the 52-week low price of $45.44.
According to consensus agreement of 29 analysts Cognizant Technology Solutions Corp (NASDAQ:CTSH) will report earnings per share of $0.86 in their quarterly report and it is expected to announce the company’s results on 2/13/17. For the current quarter the company has high EPS estimates of $0.89 in contradiction of low EPS estimates of $0.8. However a year ago for the same quarter the company has reported $0.8 EPS. Current year EPS projections for Cognizant Technology Solutions Corp (NASDAQ:CTSH) set at $3.35 according to the sentiments of 35 analysts, while its lowest earnings estimates are $2.6 and highest earnings estimates are $3.43.
According to 25 analysts, Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s revenue estimates for the current quarter are $3.49B meanwhile the company has high revenue estimates of $3.53B in contradiction of low revenue estimates of $3.44B. For the current year the company’s revenue estimates are $13.51B compared to low analyst estimates of $13.47B and high estimates of $13.57B according to the projection of 33 analysts.