CACI International (NYSE:CACI) Stock Rating Upgraded by TD Cowen

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

CACI has been the subject of several other research reports. Bank of America boosted their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $540.00 to $373.00 in a report on Thursday, December 12th. Truist Financial dropped their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Barclays raised their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company dropped their target price on shares of CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Price Performance

NYSE CACI opened at $402.72 on Thursday. The company has a 50-day moving average price of $492.33 and a 200-day moving average price of $471.58. CACI International has a 52 week low of $314.06 and a 52 week high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.02 billion, a P/E ratio of 19.96, a PEG ratio of 1.33 and a beta of 0.85.

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, beating analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $4.36 earnings per share. Equities research analysts anticipate that CACI International will post 23.45 earnings per share for the current year.

Institutional Trading of CACI International

Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its stake in CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares during the last quarter. UMB Bank n.a. increased its position in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Coastline Trust Co purchased a new stake in CACI International during the 3rd quarter valued at $45,000. Rosenberg Matthew Hamilton raised its holdings in CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 19 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock worth $127,000 after buying an additional 83 shares during the last quarter. 86.43% of the stock is currently 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.