CACI International (NYSE:CACI) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded CACI International from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy,” with nine buy ratings, one hold, and one sell.
• Analysts’ average price target is $727.70, while targets range from $540 to $925. CACI shares opened at $674.48, near their 52-week high of $689.15.
• CACI exceeded quarterly earnings expectations, reporting $7.66 in EPS versus the $6.57 consensus; revenue rose 8.2% year over year to $2.47 billion, though it came in below estimates.

CACI International (NYSE:CACI - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on CACI. Stifel Nicolaus increased their price target on CACI International from $892.00 to $925.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. TD Cowen reduced their target price on CACI International from $625.00 to $550.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Wells Fargo & Company reiterated an "overweight" rating and set a $715.00 target price on shares of CACI International in a research report on Monday, August 10th. Cantor Fitzgerald lifted their price target on shares of CACI International from $675.00 to $785.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Finally, BNP Paribas Exane lowered shares of CACI International from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $675.00 to $540.00 in a report on Tuesday, October 6th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CACI International has an average rating of "Moderate Buy" and an average price target of $727.70.

CACI International Trading Up 0.0%

Shares of NYSE CACI opened at $674.48 on Friday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. CACI International has a 1-year low of $434.70 and a 1-year high of $689.15. The business has a fifty day moving average price of $624.92 and a 200 day moving average price of $569.67. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.61.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The information technology services provider reported $7.66 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $1.09. CACI International had a net margin of 5.55% and a return on equity of 15.56%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that CACI International will post 33.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of CACI International in the 1st quarter worth approximately $5,384,000. Argent Capital Management LLC acquired a new position in CACI International in the 1st quarter valued at about $5,158,000. Sterling Capital Management LLC increased its stake in CACI International by 29.9% during the 3rd quarter. Sterling Capital Management LLC now owns 33,129 shares of the information technology services provider's stock worth $20,179,000 after buying an additional 7,626 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of CACI International during the second quarter worth $2,887,000. Finally, Westport Asset Management Inc. purchased a new stake in CACI International during the 2nd quarter worth about $2,316,000. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

CACI International Company Profile

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.

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