Cowen Reiterates “Buy” Rating for Caci International (CACI)

Caci International (NYSE:CACI)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen in a research report issued on Sunday. They presently have a $190.00 price objective on the information technology services provider’s stock. Cowen’s price objective would indicate a potential upside of 12.80% from the stock’s current price.

CACI has been the subject of several other reports. Citigroup lowered their price objective on shares of Caci International from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Zacks Investment Research raised shares of Caci International from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research report on Monday, January 21st. Seaport Global Securities reissued a “buy” rating on shares of Caci International in a research report on Wednesday. Drexel Hamilton reissued a “buy” rating and issued a $205.00 price objective on shares of Caci International in a research report on Monday, November 12th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $185.00 price objective (down from $210.00) on shares of Caci International in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $195.08.

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Caci International stock traded up $1.26 during trading hours on Friday, hitting $168.44. The company had a trading volume of 281,754 shares, compared to its average volume of 189,269. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.76 and a quick ratio of 1.76. Caci International has a 1 year low of $138.39 and a 1 year high of $200.85.

Caci International (NYSE:CACI) last released its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.43. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Caci International had a net margin of 5.68% and a return on equity of 11.93%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 EPS. Research analysts expect that Caci International will post 10.2 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Aperio Group LLC raised its holdings in shares of Caci International by 8.2% in the 3rd quarter. Aperio Group LLC now owns 8,854 shares of the information technology services provider’s stock valued at $1,630,000 after purchasing an additional 674 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of Caci International by 49.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,684 shares of the information technology services provider’s stock valued at $3,072,000 after purchasing an additional 5,505 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Caci International by 23.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,367 shares of the information technology services provider’s stock valued at $1,357,000 after purchasing an additional 1,396 shares in the last quarter. Kepos Capital LP bought a new stake in shares of Caci International in the 3rd quarter valued at about $2,605,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Caci International by 51.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 52,750 shares of the information technology services provider’s stock valued at $9,716,000 after purchasing an additional 17,956 shares in the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

Caci International Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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Analyst Recommendations for Caci International (NYSE:CACI)

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