Science Applications International Corp. Receives “Overweight” Rating from JPMorgan Chase & Co. (SAIC)
Science Applications International Corp. (NASDAQ:SAIC)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $47.00 price objective on the stock, up from their previous price objective of $41.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 9.40% from the company’s current price.
Separately, analysts at Wells Fargo & Co. upgraded shares of Science Applications International Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 9th. They now have a $26.00 price target on the stock, up previously from $24.00.
Shares of Science Applications International Corp. (NASDAQ:SAIC) traded up 3.40% during mid-day trading on Wednesday, hitting $44.42. The stock had a trading volume of 227,311 shares. Science Applications International Corp. has a 52 week low of $29.40 and a 52 week high of $43.15. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $36.68. The company has a market cap of $2.150 billion and a P/E ratio of 18.93.
Science Applications International Corp. (NASDAQ:SAIC) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $946.35 million. The company’s quarterly revenue was down 14.2% on a year-over-year basis. On average, analysts predict that Science Applications International Corp. will post $2.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.61%.
Science Applications International Corporation, formerly SAIC Gemini, Inc is a scientific, engineering, and technology applications company.
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