CACI International (NYSE:CACI) Upgraded to Outperform at Raymond James

CACI International (NYSE:CACI) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a $475.00 price target on the information technology services provider’s stock. Raymond James’ price objective would suggest a potential upside of 13.06% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut shares of CACI International from a “neutral” rating to a “sell” rating and decreased their target price for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. Barclays increased their price objective on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird restated an “outperform” rating and set a $640.00 target price on shares of CACI International in a research note on Tuesday, December 17th. TD Cowen raised CACI International to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com downgraded CACI International from a “buy” rating to a “hold” rating in a report on Friday, December 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $535.82.

CACI International Trading Up 2.2 %

CACI opened at $420.14 on Thursday. 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 firm has a market cap of $9.41 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.33 and a beta of 0.85. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The stock has a fifty day moving average price of $467.28 and a 200-day moving average price of $470.44.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS 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 the consensus estimate 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 was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.36 earnings per share. As a group, equities research analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake 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 worth $243,386,000 after acquiring an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in CACI International by 1.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares during the period. Van ECK Associates Corp raised its stake in shares of CACI International by 42.5% during the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after buying an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of CACI International by 3.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after buying an additional 2,396 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after buying an additional 15,961 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

About CACI International

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.