CACI International (NYSE:CACI) Upgraded by TD Cowen to “Strong-Buy” Rating

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

Several other equities analysts have also recently issued reports on the company. Bank of America boosted their target price on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Wells Fargo & Company dropped their price target on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Truist Financial lowered their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted 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. Finally, UBS Group initiated coverage on CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CACI International currently has an average rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Trading Down 0.8 %

NYSE:CACI opened at $399.93 on Thursday. The company has a market capitalization of $8.96 billion, a PE ratio of 19.82, a P/E/G ratio of 1.33 and a beta of 0.85. CACI International has a 52-week low of $314.06 and a 52-week high of $588.26. The stock’s 50 day moving average price is $494.69 and its 200 day moving average price is $471.70. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of CACI International by 5.0% during the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of CACI International by 1.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after buying an additional 5,610 shares in the last quarter. Van ECK Associates Corp grew its position in CACI International by 42.5% during the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after purchasing an additional 2,396 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after buying an additional 15,961 shares in the last quarter. Institutional investors 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.