Mantech International Corp Price Target Increased to $25.00 by Analysts at RBC Capital (MANT)
Investment analysts at RBC Capital lifted their price target on shares of Mantech International Corp (NASDAQ:MANT) to $25.00 in a note issued to investors on Tuesday. RBC Capital’s target price would suggest a potential downside of 13.73% from the company’s current price.
Mantech International Corp (NASDAQ:MANT) traded up 0.17% on Tuesday, hitting $29.03. The stock had a trading volume of 31,892 shares. Mantech International Corp has a 52-week low of $26.36 and a 52-week high of $31.32. The stock’s 50-day moving average is $28.50 and its 200-day moving average is $29.17. The company’s market cap is $1.082 billion. Mantech International Corp also was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,791,347 shares, a decline of 34.8% from the July 31st total of 2,746,207 shares. Based on an average daily volume of 197,874 shares, the days-to-cover ratio is presently 9.1 days. Approximately 7.5% of the company’s stock are short sold.
Mantech International Corp (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $463.40 million for the quarter, compared to the consensus estimate of $482.58 million. During the same quarter last year, the company posted $0.58 earnings per share. Mantech International Corp’s revenue was down 23.4% compared to the same quarter last year. Analysts expect that Mantech International Corp will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Separately, analysts at Zacks downgraded shares of Mantech International Corp from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $25.70 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.90.
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.
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