CACI International (NYSE:CACI) Raised to Strong-Buy at TD Cowen

CACI International (NYSE:CACI) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Bank of America boosted their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Wells Fargo & Company decreased their target price on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price objective on shares of CACI International in a report on Tuesday. Finally, UBS Group assumed coverage on shares of CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Stock Performance

NYSE:CACI opened at $402.72 on Thursday. The stock has a 50-day moving average price of $494.69 and a 200 day moving average price of $471.70. The stock has a market capitalization of $9.02 billion, a P/E ratio of 19.96, a P/E/G 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 company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the firm posted $4.36 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts forecast that CACI International will post 23.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CACI International

Several hedge funds have recently added to or reduced their stakes in CACI. First Horizon Advisors Inc. lifted its stake in CACI International by 40.0% in the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares during the last quarter. UMB Bank n.a. lifted its stake 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 worth $39,000 after acquiring an additional 35 shares during the last quarter. Captrust Financial Advisors boosted its holdings in CACI International by 10.2% during the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after acquiring an additional 76 shares during the period. Finally, TD Private Client Wealth LLC grew its position in CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 83 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

CACI International Company Profile

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.