The Bulls Are Back In Town At Cognizant Technology Solutions Corporation (CTSH) And Summit Midstream Partners, LP (SMLP)

24 analysts out of 33 Wall Street brokerage firms rate Cognizant Technology Solutions Corporation (NASDAQ:CTSH) as a Buy, while 1 see it as a Sell. The rest 8 describe it as a Hold. CTSH stock traded higher to an intra-day high of $71.47. At one point in session, its potential discontinued and the price was down to lows at $70.85. Analysts have set CTSH’s consensus price at $83.1, effectively giving it a 17.16% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $99 (up 39.57% from current price levels). CTSH has a 19.1% ROE, higher than the 12.75% average for the industry. The average ROE for the sector is 13.93%.

It is expected that in Mar 2019 quarter CTSH will have an EPS of $1.05, suggesting a 6.06% growth. For Jun 2019 is projected at $1.12. It means that there could be a 1.82% growth in the quarter. Yearly earnings are expected to rise by 10.95% to about $4.46. As for the coming year, growth will be about 12.33%, lifting earnings to $5.01. RSI after the last trading period was 49.64. CTSH recorded a change of -1.94% over the past week and returned 5.46% over the last three months while the CTSH stock’s monthly performance revealed a shift in price of -3.43%. The year to date (YTD) performance stands at 11.74%, and the bi-yearly performance specified an activity trend of -7.41% while the shares have moved -15.35% for the past 12 months.

Cognizant Technology Solutions Corporation (CTSH) currently trades at $70.93, which is lower by -0.39% its previous price. It has a total of 584.64 million outstanding shares, with an ATR of around 1.24. The company’s stock volume dropped to 2.58 million, worse than 3.78 million that represents its 50-day average. A 5-day decrease of about -1.94% in its price means CTSH is now 11.74% higher on year-to-date. The shares have surrendered $43389.07 since its $85.10 52-week high price recorded on 15th of March 2018. Overall, it has seen a growth rate of -15.35 over the last 12 months. The current price per share is $11.46 above the 52 week low of $59.47 set on 26th of December 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s EPS was $1.13 as reported for the December quarter. In comparison, the same quarter a year ago had an EPS of $1.03. That means that its growth in general now stands at 10%. Therefore, a prediction of $1.06 given by the analysts brought a positive surprise of 7%. CTSH Dec 19 quarter revenue was $4.13 billion, compared to $3.83 billion recorded in same quarter last year, giving it a 8% growth rate. The company’s $0.3 billion revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Summit Midstream Partners, LP (NYSE:SMLP) shares depreciated -2.59% over the last trading period, taking overall 5-day performance up to -6.41%. SMLP’s price now at $9.78 is weaker than the 50-day average of $12.19. Getting the trading period increased to 200 days, the stock price was seen at $14.51 on average. The general public currently hold control of a total of 40.52 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 74.81 million. The company’s management holds a total of 0.3%, while institutional investors hold about 42.8% of the remaining shares. SMLP share price finished last trade -14.06% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -32.74%, while closing the session with -19.78% distance from 50 day simple moving average.

Summit Midstream Partners, LP (SMLP) shares were last observed trading -44.83% down the peak of $17.73. Last month’s price growth of -23.89% puts SMLP performance for the year now at -2.69%. Consequently, the shares price is trending higher by -0.51%, a 52-week worst price. However, it is losing value with -40.18% in the last 6 months.

SMLP’s beta is 1.77; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $0.05 per share from its yearly profit to its outstanding shares. Its last reported revenue is $133.67 million, which was 6% versus $126.2 million in the corresponding quarter last year. The EPS for Dec 19 quarter came in at $0.39 compared to $-0.32 in the year-ago quarter and had represented -222% year-over-year earnings per share growth. SMLP’s ROA is 0.1%, lower than the 2.14% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 8.05%.

Estimated quarterly earnings for Summit Midstream Partners, LP (NYSE:SMLP) are around $0.22 per share in three months through March with $0.23 also the estimate for June quarter of the fiscal year. It means the growth is estimated at 83.33% and 53.33%, respectively. Analysts estimate full-year growth to be 1500%, the target being $0.96 a share. The upcoming year will see an increase in growth by percentage to -18.75%, more likely to see it hit the $0.78 per share. The firm’s current profit margin over the past 12 months is 0.8%. SMLP ranks lower in comparison to an average of 7.61% for industry peers; while the average for the sector is 76.73%.