Robert W. Baird Reaffirms “Outperform” Rating for CACI International (NYSE:CACI)

CACI International (NYSE:CACI)‘s stock had its “outperform” rating reissued by analysts at Robert W. Baird in a note issued to investors on Tuesday,Benzinga reports. They currently have a $640.00 target price on the information technology services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 58.68% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company cut their target price on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Barclays upped their price objective on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. TD Cowen lifted their target price on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group started coverage on CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and an average price target of $524.45.

CACI International Stock Down 2.8 %

CACI stock opened at $403.33 on Tuesday. CACI International has a 52 week low of $314.06 and a 52 week high of $588.26. The business has a 50-day simple moving average of $496.95 and a 200 day simple moving average of $472.21. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $9.04 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the firm earned $4.36 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that CACI International will post 23.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CACI International

A number of hedge funds have recently modified their holdings of CACI. First Horizon Advisors Inc. raised its position in CACI International by 40.0% during the 3rd 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. UMB Bank n.a. raised its position in shares of CACI International by 81.4% during the third 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. Coastline Trust Co acquired a new position in shares of CACI International in the third quarter worth approximately $45,000. Rosenberg Matthew Hamilton boosted its holdings in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after acquiring an additional 19 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in CACI International by 49.1% during 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 purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.