TD Cowen Has Lowered Expectations for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its price objective decreased by investment analysts at TD Cowen from $610.00 to $480.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective points to a potential upside of 15.45% from the stock’s previous close.

Several other research firms also recently commented on CACI. Raymond James upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on CACI International from $564.00 to $503.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Robert W. Baird restated an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group downgraded 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 research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $522.09.

CACI International Stock Up 0.4 %

Shares of NYSE:CACI opened at $415.76 on Wednesday. CACI International has a 1 year low of $321.85 and a 1 year high of $588.26. The company has a market capitalization of $9.32 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The business has a fifty day moving average price of $455.99 and a two-hundred day moving average price of $469.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75.

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

Institutional Investors Weigh In On CACI International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank boosted its stake in CACI International by 43.0% in the fourth quarter. First Hawaiian Bank now owns 3,668 shares of the information technology services provider’s stock worth $1,482,000 after buying an additional 1,103 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of CACI International by 44.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 490 shares of the information technology services provider’s stock valued at $198,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC raised its position in CACI International by 69.4% in the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 50 shares during the period. TD Private Client Wealth LLC raised 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 worth $127,000 after purchasing an additional 83 shares during the period. Finally, Toronto Dominion Bank bought a new stake in CACI International in the third quarter worth $184,000. 86.43% of the stock is 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.