Unveiling 12 Analyst Insights On Cognizant Tech Solns

12 analysts have expressed a variety of opinions on Cognizant Tech Solns CTSH over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Cognizant Tech Solns, revealing an average target of $74.83, a high estimate of $90.00, and a low estimate of $65.00. Marking an increase of 2.51%, the current average surpasses the previous average price target of $73.00.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Cognizant Tech Solns among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Cognizant Tech Solns. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cognizant Tech Solns compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Cognizant Tech Solns's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into Cognizant Tech Solns's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Cognizant Tech Solns analyst ratings.

About Cognizant Tech Solns

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

Cognizant Tech Solns: Financial Performance Dissected

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Positive Revenue Trend: Examining Cognizant Tech Solns's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.82% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Cognizant Tech Solns's net margin is impressive, surpassing industry averages. With a net margin of 10.72%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Cognizant Tech Solns's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.07%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Cognizant Tech Solns's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.91%, the company showcases efficient use of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.11.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.