CACI International (NYSE:CACI) Raised to Strong-Buy at TD Cowen

TD Cowen upgraded shares of CACI International (NYSE:CACI) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. UBS Group started coverage on shares of CACI International in a report on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective for the company. Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price objective on shares of CACI International in a report on Tuesday. Barclays increased their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group cut shares of CACI International from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $524.45.

CACI International Trading Down 0.8 %

Shares of CACI International stock opened at $399.93 on Thursday. CACI International has a 1-year low of $314.06 and a 1-year high of $588.26. The company’s fifty day simple moving average is $494.69 and its 200-day simple moving average is $471.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $8.96 billion, a PE ratio of 19.82, a P/E/G ratio of 1.33 and a beta of 0.85.

CACI International (NYSE:CACI) last posted its quarterly earnings results 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 business 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 company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.36 earnings per share. As a group, equities analysts anticipate that CACI International will post 23.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Van ECK Associates Corp increased its holdings in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CACI International by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in CACI International by 26.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after acquiring an additional 10,295 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after purchasing an additional 5,610 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.