SAIC Inc. Hits New 52-Week High at $16.09 (SAI)
Shares of SAIC (NYSE:SAI) hit a new 52-week high during mid-day trading on Friday, Analyst Ratings Network reports. The stock traded as high as $16.09 and last traded at $16.03, with a volume of 6,419,397 shares trading hands. The stock had previously closed at $15.90.
SAI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of SAIC (NYSE:SAI) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 17th. They now have a $14.80 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of SAIC (NYSE:SAI) from $14.00 to $16.00 in a research note to investors on Monday, September 16th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of SAIC (NYSE:SAI) from $19.00 to $18.00 in a research note to investors on Monday, July 15th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.83.
SAIC has a 52 week low of $10.69 and a 52 week high of $16.06. The stock has a 50-day moving average of $15.2 and a 200-day moving average of $14.4. The company has a market cap of $5.494 billion and a P/E ratio of 12.90.
SAIC (NYSE:SAI) last released its earnings data on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.09. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis.
SAIC, Inc (NYSE:SAI) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.