TD Cowen Cuts CACI International (NYSE:CACI) Price Target to $480.00

CACI International (NYSE:CACI) had its price target decreased by TD Cowen from $610.00 to $480.00 in a report released on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the information technology services provider’s stock.

CACI has been the subject of a number of other reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. UBS Group initiated coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target for the company. Raymond James raised shares of CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their target price on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their price target on CACI International from $564.00 to $503.00 and set an “overweight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $522.09.

CACI International Stock Up 3.9 %

Shares of CACI International stock opened at $432.19 on Wednesday. CACI International has a 12-month low of $326.47 and a 12-month high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $455.99 and its two-hundred day simple moving average is $469.97. The company has a market cap of $9.68 billion, a P/E ratio of 21.42, a PEG ratio of 1.33 and a beta of 0.87.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.36 EPS. Research analysts anticipate that CACI International will post 23.45 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CACI. Wedbush Securities Inc. grew its stake in shares of CACI International by 38.3% in the second quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock worth $401,000 after acquiring an additional 258 shares in the last quarter. Kendall Capital Management increased its holdings in CACI International by 8.9% during the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock worth $524,000 after purchasing an additional 100 shares during the period. Bridges Investment Management Inc. purchased a new stake in CACI International during the 2nd quarter worth about $489,000. Pacer Advisors Inc. boosted its stake in shares of CACI International by 25.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock valued at $1,823,000 after buying an additional 861 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of CACI International by 26.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after buying an additional 10,295 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.