Wells Fargo & Co Boosts Mantech International (NASDAQ:MANT) Price Target to $81.00

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Mantech International (NASDAQ:MANT) had its price objective increased by Wells Fargo & Co from $76.00 to $81.00 in a report issued on Thursday morning, The Fly reports. They currently have an underweight rating on the technology company’s stock.

A number of other equities research analysts also recently commented on MANT. Cowen reaffirmed a buy rating on shares of Mantech International in a report on Thursday, October 31st. SunTrust Banks downgraded Mantech International from a buy rating to a hold rating and set a $80.00 target price for the company. in a report on Monday, November 25th. Zacks Investment Research downgraded Mantech International from a buy rating to a hold rating in a report on Wednesday, February 12th. Finally, BidaskClub downgraded Mantech International from a buy rating to a hold rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $76.67.

Shares of MANT stock opened at $88.14 on Thursday. Mantech International has a fifty-two week low of $51.46 and a fifty-two week high of $93.99. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 4.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.28 and a current ratio of 1.52. The stock’s 50-day simple moving average is $81.67 and its 200-day simple moving average is $75.10.

Mantech International (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.21. Mantech International had a return on equity of 7.33% and a net margin of 5.12%. The business had revenue of $604.40 million for the quarter, compared to analyst estimates of $582.72 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. As a group, equities analysts forecast that Mantech International will post 2.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.32 per share. This is an increase from Mantech International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.45%. Mantech International’s payout ratio is 37.11%.

A number of large investors have recently made changes to their positions in MANT. Marshall Wace North America L.P. acquired a new position in Mantech International in the fourth quarter valued at approximately $33,000. Evoke Wealth LLC acquired a new position in Mantech International in the third quarter valued at approximately $35,000. FMR LLC lifted its holdings in Mantech International by 1,578.6% in the first quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after acquiring an additional 663 shares during the period. Point72 Hong Kong Ltd lifted its holdings in Mantech International by 435.1% in the fourth quarter. Point72 Hong Kong Ltd now owns 824 shares of the technology company’s stock valued at $66,000 after acquiring an additional 670 shares during the period. Finally, First Bank & Trust lifted its holdings in Mantech International by 417.3% in the fourth quarter. First Bank & Trust now owns 895 shares of the technology company’s stock valued at $71,000 after acquiring an additional 722 shares during the period. 65.84% of the stock is owned by institutional investors.

Mantech International Company Profile

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

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The Fly

Analyst Recommendations for Mantech International (NASDAQ:MANT)

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