CACI International (NYSE:CACI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus has raised CACI International's target stock price from $576.00 to $600.00, indicating a potential upside of 22.05% from its current price.
• CACI's recent quarterly earnings report showed a significant earnings per share (EPS) of $8.40, surpassing analysts' expectations and reflecting a 13.0% increase in revenue year-over-year.
• Despite the positive outlook, CACI's stock has recently dropped 1.7%, closing at $491.60 following the target price adjustment.

CACI International (NYSE:CACI - Free Report) had its price target lifted by Stifel Nicolaus from $576.00 to $600.00 in a report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the information technology services provider's stock.

A number of other equities analysts also recently issued reports on the stock. UBS Group reissued a "buy" rating on shares of CACI International in a report on Friday, April 25th. Cowen reiterated a "buy" rating on shares of CACI International in a research report on Monday, April 28th. Wells Fargo & Company lifted their price objective on shares of CACI International from $438.00 to $513.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Raymond James Financial restated a "market perform" rating on shares of CACI International in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group cut shares of CACI International from a "buy" rating to a "hold" rating and cut their price objective for the company from $570.00 to $535.00 in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $536.54.

CACI International Price Performance

CACI stock traded down $3.87 during trading on Friday, reaching $474.77. 176,984 shares of the company were exchanged, compared to its average volume of 419,577. The company has a 50-day moving average of $467.79 and a two-hundred day moving average of $425.13. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.29 and a beta of 0.69. CACI International has a twelve month low of $318.60 and a twelve month high of $588.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 1.47.

CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $1.86. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $6.61 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that CACI International will post 23.94 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Several large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC boosted its stake in CACI International by 53.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 59,546 shares of the information technology services provider's stock worth $28,386,000 after buying an additional 20,729 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of CACI International by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 5,131 shares of the information technology services provider's stock worth $2,446,000 after purchasing an additional 84 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in shares of CACI International in the 2nd quarter worth about $204,000. SG Americas Securities LLC raised its holdings in shares of CACI International by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,076 shares of the information technology services provider's stock worth $990,000 after purchasing an additional 71 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of CACI International by 3.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,283 shares of the information technology services provider's stock worth $3,949,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 86.43% of the company's stock.

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.