SAIC Now Covered by JPMorgan Chase & Co. (SAI)
Research analysts at JPMorgan Chase & Co. started coverage on shares of SAIC (NYSE:SAI) in a report released on Tuesday, American Banking & Market News reports. The firm set an “overweight” rating on the stock.
SAIC (NYSE:SAI) remained flat at $16.03 during trading on Tuesday. SAIC has a 1-year low of $10.69 and a 1-year high of $16.09. The stock has a 50-day moving average of $15.26 and a 200-day moving average of $14.51. The company has a market cap of $5.494 billion and a price-to-earnings ratio of 13.00.
SAIC (NYSE:SAI) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. Analysts expect that SAIC will post $0.92 EPS for the current fiscal year.
SAI has been the subject of a number of other 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.13.
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.