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CACI International (NASDAQ:CACI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday. The firm currently has a $75.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 5.29% from the company’s current price.

Zacks’ analyst wrote, “We are changing our long-term recommendation for CACI International from Underperform to Neutral as we expect it to perform in line with the broader market. CACI International reported relatively modest fourth quarter fiscal 2014 results with adjusted earnings well exceeding the Zacks Consensus Estimate, although revenues decreased year over year. Stiff competition and regulatory pressure remain possible headwinds for the company. However, the company remains focused on its strategy to grow in large markets, to introduce new business initiatives, and leverage on mergers and acquisitions to further increase its market share. The company also expects to diligently focus on its operating plans to reward its shareholders with attractive risk-adjusted returns. “

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of CACI International from $69.00 to $74.00 in a research note on Friday, August 22nd. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of CACI International from $93.00 to $83.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of CACI International in a research note on Friday, June 27th. They now have a $73.00 price target on the stock, up previously from $69.00. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.89.

CACI International (NASDAQ:CACI) traded down 0.01% during mid-day trading on Wednesday, hitting $71.22. 37,844 shares of the company’s stock traded hands. CACI International has a 1-year low of $66.09 and a 1-year high of $80.77. The stock’s 50-day moving average is $69.53 and its 200-day moving average is $71.82. The company has a market cap of $1.673 billion and a P/E ratio of 13.24.

CACI International (NASDAQ:CACI) last announced its earnings results on Wednesday, August 20th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. The company had revenue of $905.70 million for the quarter, compared to the consensus estimate of $891.63 million. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that CACI International will post $5.34 earnings per share for the current fiscal year.

CACI International Inc (NASDAQ:CACI), is an simulation technology company.

To view Zacks’ full report, visit Zacks’ official website.

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