SAIC Receives New Coverage from Analysts at Wells Fargo & Co. (SAI)
Equities research analysts at Wells Fargo & Co. assumed coverage on shares of SAIC (NYSE:SAI) in a research note issued to investors on Friday, American Banking and Market News reports. The firm set an “underperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of SAIC (NYSE:SAI) in a research note to investors on Tuesday. They set an “overweight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.13.
Shares of SAIC (NYSE:SAI) remained flat at $16.03 during trading on Friday. SAIC has a one year low of $10.69 and a one year high of $16.09. The stock’s 50-day moving average is $15.26 and its 200-day moving average is $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 announced its earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that SAIC will post $0.92 earnings per share for the current fiscal year.
SAIC, Inc (NYSE:SAI) is a holding company.
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