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

CACI International (NYSE:CACI) had its target price decreased by analysts at TD Cowen from $610.00 to $480.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price would suggest a potential upside of 15.74% from the company’s previous close.

Several other equities analysts have also recently issued reports on CACI. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Truist Financial decreased their price objective 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. Raymond James raised shares of CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 target price on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target 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 cut CACI International from a “neutral” rating to a “sell” rating and cut their price objective for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average target price of $522.09.

CACI International Price Performance

Shares of CACI traded up $0.79 during mid-day trading on Wednesday, reaching $414.74. 53,784 shares of the stock traded hands, compared to its average volume of 171,306. 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 has a 1 year low of $321.85 and a 1 year high of $588.26. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The firm has a fifty day moving average price of $461.66 and a 200 day moving average price of $470.74.

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. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $4.36 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts predict that CACI International will post 23.45 earnings per share for the current year.

Institutional Investors Weigh In On CACI International

A number of hedge funds have recently made changes to their positions in CACI. First Horizon Advisors Inc. grew its position in 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 in the last quarter. UMB Bank n.a. lifted its stake 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. Coastline Trust Co purchased a new position in shares of CACI International in the 3rd quarter worth approximately $45,000. GAMMA Investing LLC increased its position 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 valued at $49,000 after purchasing an additional 50 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 19 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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.