TD Cowen Issues Pessimistic Forecast for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its price objective reduced by TD Cowen from $610.00 to $480.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group assumed coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective on the stock. Truist Financial dropped their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company reduced their target price on shares of CACI International from $564.00 to $503.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and dropped their price target 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 issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and a consensus price target of $522.09.

CACI International Price Performance

Shares of NYSE CACI opened at $432.19 on Wednesday. The stock has a market cap of $9.68 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 0.87. CACI International has a twelve month low of $326.47 and a twelve month high of $588.26. The stock has a 50 day moving average of $455.99 and a two-hundred day moving average of $469.97. 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 issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion during 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%. CACI International’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.36 EPS. On average, research analysts forecast that CACI International will post 23.45 earnings per share for the current year.

Institutional Investors Weigh In On CACI International

Several hedge funds have recently modified their holdings of CACI. First Horizon Advisors Inc. boosted its position in shares of 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 acquiring an additional 18 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after purchasing an additional 19 shares during the period. UMB Bank n.a. boosted its holdings in shares of CACI International by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CACI International by 69.4% during the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after buying an additional 50 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock worth $415,000 after buying an additional 76 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.

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.