ManTech International Corp. Upgraded to “Neutral” at Zacks (MANT)
ManTech International Corp. (NASDAQ:MANT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a $29.50 target price on the stock. Zacks‘ target price points to a potential upside of 2.64% from the stock’s previous close.
Shares of ManTech International Corp. (NASDAQ:MANT) traded up 0.07% on Wednesday, hitting $28.76. 41,768 shares of the company’s stock traded hands. ManTech International Corp. has a 1-year low of $21.90 and a 1-year high of $30.21. The stock’s 50-day moving average is $28.43 and its 200-day moving average is $27.41. The company has a market cap of $1.069 billion and a price-to-earnings ratio of 12.33.
ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.02. The company had revenue of $605.10 million for the quarter, compared to the consensus estimate of $633.83 million. During the same quarter last year, the company posted $0.67 earnings per share. ManTech International Corp.’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that ManTech International Corp. will post $2.14 earnings per share for the current fiscal year.
Separately, analysts at RBC Capital raised their price target on shares of ManTech International Corp. from $21.00 to $23.00 in a research note to investors on Friday, August 2nd.
ManTech International Corporation (NASDAQ:MANT) is a provider of technologies and solutions for mission-critical national security programs for the intelligence community; Departments of Defense (DOD), State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigations (FBI); the space community, and other United States federal government customers.
To view Zacks’ full report, visit www.zacks.com
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.