Caci International (NYSE:CACI) Given New $224.00 Price Target at Morgan Stanley

Share on StockTwits

Caci International (NYSE:CACI) had its price objective boosted by Morgan Stanley from $215.00 to $224.00 in a report released on Monday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

A number of other analysts have also recently commented on CACI. Wells Fargo & Co restated a buy rating on shares of Caci International in a research report on Friday, March 1st. Vertical Research upgraded shares of Caci International from a buy rating to a top pick rating in a research report on Wednesday, March 13th. ValuEngine cut shares of Caci International from a buy rating to a hold rating in a research report on Monday, April 1st. Cowen restated a buy rating and issued a $195.00 price objective on shares of Caci International in a research report on Thursday, May 2nd. Finally, Credit Suisse Group upped their price objective on shares of Caci International from $179.00 to $212.00 and gave the company a neutral rating in a research report on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $208.50.

CACI opened at $200.99 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.54. Caci International has a 12 month low of $138.39 and a 12 month high of $212.85. The company has a fifty day moving average price of $204.13. The company has a market cap of $5.03 billion, a PE ratio of 25.64, a P/E/G ratio of 1.91 and a beta of 1.41.

Caci International (NYSE:CACI) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $2.69 EPS for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.39. Caci International had a net margin of 5.59% and a return on equity of 11.80%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts predict that Caci International will post 10.61 earnings per share for the current year.

In other Caci International news, Director Warren R. Phillips sold 250 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $203.58, for a total transaction of $50,895.00. Following the completion of the transaction, the director now owns 5,829 shares in the company, valued at approximately $1,186,667.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Debora A. Plunkett sold 183 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $206.23, for a total value of $37,740.09. Following the transaction, the director now owns 232 shares of the company’s stock, valued at approximately $47,845.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,204 shares of company stock valued at $1,631,040. Corporate insiders own 1.51% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in Caci International by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 574,384 shares of the information technology services provider’s stock worth $82,728,000 after purchasing an additional 30,363 shares in the last quarter. Norges Bank bought a new position in shares of Caci International in the 4th quarter valued at about $56,876,000. Geode Capital Management LLC grew its holdings in shares of Caci International by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 303,691 shares of the information technology services provider’s stock valued at $43,739,000 after acquiring an additional 19,892 shares in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Caci International by 13.1% in the 1st quarter. Tributary Capital Management LLC now owns 169,372 shares of the information technology services provider’s stock valued at $30,829,000 after acquiring an additional 19,681 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Caci International by 7.0% in the 4th quarter. Eagle Asset Management Inc. now owns 118,347 shares of the information technology services provider’s stock valued at $17,045,000 after acquiring an additional 7,703 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

About Caci International

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.

Featured Story: What moving averages are used to define a golden cross?

Analyst Recommendations for Caci International (NYSE:CACI)

Receive News & Ratings for Caci International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caci International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

RTW Retailwinds Inc  Short Interest Down 8.6% in June
RTW Retailwinds Inc Short Interest Down 8.6% in June
Zacks: Brokerages Set $35.00 Price Target for TTEC Holdings Inc
Zacks: Brokerages Set $35.00 Price Target for TTEC Holdings Inc
Minerals Technologies Inc  Receives Average Rating of “Buy” from Analysts
Minerals Technologies Inc Receives Average Rating of “Buy” from Analysts
Stitch Fix Inc  Receives Consensus Recommendation of “Hold” from Analysts
Stitch Fix Inc Receives Consensus Recommendation of “Hold” from Analysts
Analysts Set $30.00 Price Target for RGC Resources Inc.
Analysts Set $30.00 Price Target for RGC Resources Inc.
SunCoke Energy Inc  Sees Large Growth in Short Interest
SunCoke Energy Inc Sees Large Growth in Short Interest


 
© 2006-2019 Zolmax.