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

TD Cowen upgraded shares of CACI International (NYSE:CACI) to a strong-buy rating in a report published on Thursday,Zacks.com reports.

A number of other research firms have also commented on CACI. Robert W. Baird reiterated an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research note on Tuesday. UBS Group assumed coverage on shares of CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Barclays increased their target price on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut CACI International from a “neutral” rating to a “sell” rating and cut their price target for the company from $540.00 to $373.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Price Performance

Shares of CACI stock opened at $399.93 on Thursday. The firm has a market cap of $8.96 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.33 and a beta of 0.85. The firm has a fifty day moving average of $494.69 and a two-hundred day moving average of $471.70. 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 has a 1-year low of $314.06 and a 1-year high of $588.26.

CACI International (NYSE:CACI) last issued its quarterly earnings data 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. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $4.36 EPS. As a group, research analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Large investors have recently modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of CACI International by 42.5% during the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Geode Capital Management LLC raised its holdings in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after acquiring an additional 22,823 shares during the last quarter. BNP Paribas Financial Markets lifted its position in CACI International by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after acquiring an additional 15,961 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after purchasing an additional 10,295 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares in the last quarter. 86.43% of the stock is owned by 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.