CACI International (NYSE:CACI) Stock Rating Upgraded by Raymond James

CACI International (NYSE:CACI) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $475.00 target price on the information technology services provider’s stock. Raymond James’ price target points to a potential upside of 17.56% from the company’s previous close.

Several other research analysts also recently commented on CACI. The Goldman Sachs Group downgraded shares of CACI International from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $540.00 to $373.00 in a research note on Thursday, December 12th. TD Cowen upgraded CACI International to a “strong-buy” rating in a report on Thursday, December 19th. Barclays increased their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. UBS Group began coverage on CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $640.00 target price on shares of CACI International in a research note on Tuesday, December 17th. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $520.33.

CACI International Price Performance

Shares of NYSE:CACI opened at $404.06 on Thursday. The company’s fifty day moving average price is $472.66 and its 200-day moving average price is $470.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.33 and a beta of 0.85. CACI International has a one year low of $314.06 and a one year high of $588.26.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share 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 the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $4.36 earnings per share. On average, equities research analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of CACI International in the 3rd quarter worth about $1,955,000. Geode Capital Management LLC grew its holdings in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the period. Segall Bryant & Hamill LLC increased its stake in shares of CACI International by 3.7% during the third 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. Bridges Investment Management Inc. purchased a new position in shares of CACI International during the second quarter valued at approximately $489,000. Finally, Farther Finance Advisors LLC boosted its position in shares of CACI International by 286.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock worth $657,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors 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.