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How Analysts View Cognizant in July 2017

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Stock returns

In the trailing 12-month period, Cognizant Technology Solutions (CTSH) stock has risen 24.4%. In the last month, it has risen 4.8%. Since the start of 2017, the stock has risen 24.4% after falling more than 6.5% in 2016. The stock has also fallen marginally by 0.34% in the last five trading days. In comparison, shares of technology (QQQ) peers Accenture (ACN), IBM (IBM), and Teradata (TDC) have generated returns of 12.7%, -10.4%, and 11.9%, respectively, in the trailing 12-month period.

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Analyst recommendations

Of the 33 analysts covering Cognizant, 19 have given it a “buy” recommendation, two have recommended a “sell,” and 12 have recommended a “hold.”

The analyst stock price target for the company is $71, with a median target estimate of $70. Cognizant is trading at a discount of just 0.40% to the median analyst estimate.

Moving averages

On July 27, 2017, Cognizant closed the trading day at $69.72. Based on that price, here’s how the stock fared in terms of its moving averages:

  • 9.7% above its 100-day moving average of $63.53
  • 3.6% above its 50-day moving average of $67.33
  • 2.1% above its 20-day moving average of $68.30

MACD and RSI

Cognizant’s 14-day MACD (moving average convergence divergence) is about 0.83. A stock’s MACD is the difference between its short-term and long-term moving averages. Cognizant’s positive figure indicates an upward trading trend.

Cognizant has a 14-day RSI (relative strength index) score of 83, which shows the stock has been overbought. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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