CSC Valuation Remains Attractive, Oppenheimer Reports

Oppenheimer recently had the opportunity to host investor meetings with the CFO of Computer Sciences Corporation (NYSE: CSC), Mike Mancuso.

Oppenheimer said that, following the meetings, Computer Sciences Corporation's valuation remains attractive.

“At 8x our CY11E operating EPS, CSC is trading at a discount to both the peer group average and its historical trading range,” Oppenheimer writes. “With a discount valuation and improving business fundamentals, we expect both estimates and multiples to trend upward over the coming quarters as growth trends continue to improve.”

Computer Sciences Corporation currently trades at $44.63.