CACI International Stock Rating Reaffirmed by Zacks (CACI)
CACI International (NASDAQ:CACI)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Tuesday, American Banking & Market News reports. They currently have a $71.00 target price on the stock. Zacks‘ price objective points to a potential upside of 5.39% from the company’s current price.
Zacks‘ analyst wrote, “CACI International reported lackluster fiscal 2014 fourth quarter results with both revenues and earnings decreasing year over year. The company remains focused on its strategy to grow in large markets, increase new business initiatives and leverage mergers and acquisitions to further increase its market share. However, continuous budgetary pressures and challenging macroeconomic environment remain headwinds for the company. In addition, CACI International faces concentration risk and stiff competition from other players in the industry. As such, we maintain our Neutral recommendation for the stock as we expect it to perform in line with the broader market. “
A number of other firms have also recently commented on CACI. Analysts at RBC Capital raised their price target on shares of CACI International (NASDAQ:CACI) from $58.00 to $63.00 in a research note to investors on Friday, August 16th. They now have an “underperform” rating on the stock. Separately, analysts at Noble Financial raised their price target on shares of CACI International (NASDAQ:CACI) from $66.00 to $75.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of CACI International (NASDAQ:CACI) from $57.00 to $63.00 in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock.
Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. CACI International currently has a consensus rating of “Hold” and a consensus target price of $67.00.
Shares of CACI International (NASDAQ:CACI) traded up 1.04% during mid-day trading on Tuesday, hitting $68.07. 157,208 shares of the company’s stock traded hands. CACI International has a 52 week low of $48.56 and a 52 week high of $69.62. The stock’s 50-day moving average is $67.35 and its 200-day moving average is $61.22. The company has a market cap of $1.584 billion and a P/E ratio of 10.61.
CACI International (NASDAQ:CACI) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $1.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.60 by $0.04. The company had revenue of $912.90 million for the quarter, compared to the consensus estimate of $927.88 million. During the same quarter last year, the company posted $1.59 earnings per share. CACI International’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that CACI International will post $5.81 EPS for the current fiscal year.
CACI International Inc (NASDAQ:CACI), is an simulation technology company.
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