JPMorgan Chase & Co. Cuts Science Applications International (NASDAQ:SAIC) Price Target to $110.00

Key Points

• JPMorgan cut its price target for Science Applications International from $125 to $110 and left a "neutral" rating, with the new target implying about an 18.45% upside from the prior close.
• The analyst consensus is a Hold with an average price target of $110.78 (3 Buys, 7 Holds, 1 Sell), and several firms have recently trimmed targets or ratings for SAIC.
• SAIC recently traded around $92.87 with a market cap of $4.03B; it reported an EPS beat of $2.62 versus $1.79 but saw revenue decline about 4.8% year‑over‑year last quarter.

Science Applications International (NASDAQ:SAIC - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $125.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 18.45% from the company's previous close.

A number of other research analysts have also commented on SAIC. Stifel Nicolaus cut their price objective on shares of Science Applications International from $128.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, March 17th. Wall Street Zen cut shares of Science Applications International from a "buy" rating to a "hold" rating in a research note on Sunday. Weiss Ratings reissued a "hold (c-)" rating on shares of Science Applications International in a research note on Friday, March 27th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $94.00 to $82.00 and set a "sell" rating on the stock in a research note on Thursday, February 12th. Finally, Citigroup lowered their target price on shares of Science Applications International from $133.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $110.78.

Science Applications International Stock Performance

Shares of SAIC traded up $1.15 during trading hours on Monday, reaching $92.87. 66,729 shares of the company traded hands, compared to its average volume of 655,980. The stock's fifty day moving average is $93.81 and its 200 day moving average is $96.85. The stock has a market cap of $4.03 billion, a P/E ratio of 12.07 and a beta of 0.30. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. Science Applications International has a 1-year low of $81.08 and a 1-year high of $124.11.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.83. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 earnings per share.

Institutional Trading of Science Applications International

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company's stock worth $26,000 after purchasing an additional 215 shares during the period. Quent Capital LLC acquired a new stake in Science Applications International in the third quarter worth $29,000. Wexford Capital LP acquired a new stake in Science Applications International in the third quarter worth $29,000. Finally, Rakuten Securities Inc. raised its holdings in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock worth $30,000 after purchasing an additional 249 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.