ManTech International Corporation (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $45.00 price target on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.75% from the company’s current price.

According to Zacks, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide. “

Several other equities analysts also recently commented on MANT. Credit Suisse Group restated a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a research report on Monday, May 15th. Cowen and Company upgraded ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Friday, June 2nd. Loop Capital upgraded ManTech International Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $44.00 in a research report on Friday, June 30th. BidaskClub downgraded ManTech International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. ManTech International Corporation has an average rating of “Hold” and a consensus price target of $40.67.

ManTech International Corporation (NASDAQ MANT) traded down 1.14% during mid-day trading on Thursday, hitting $39.91. The company’s stock had a trading volume of 126,649 shares. The stock has a market cap of $1.03 billion, a P/E ratio of 26.43 and a beta of 0.94. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52. The company’s 50 day moving average is $39.53 and its 200-day moving average is $38.07.

ManTech International Corporation (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The business had revenue of $413.70 million for the quarter, compared to the consensus estimate of $418.60 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that ManTech International Corporation will post $1.52 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of MANT. Teachers Advisors LLC lifted its position in shares of ManTech International Corporation by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 39,336 shares of the technology company’s stock worth $1,662,000 after buying an additional 1,217 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of ManTech International Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock worth $360,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of ManTech International Corporation by 2.1% in the first quarter. Nationwide Fund Advisors now owns 32,473 shares of the technology company’s stock worth $1,125,000 after buying an additional 671 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of ManTech International Corporation by 2.0% in the first quarter. Wells Fargo & Company MN now owns 126,327 shares of the technology company’s stock worth $4,375,000 after buying an additional 2,537 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of ManTech International Corporation by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 36,320 shares of the technology company’s stock worth $1,257,000 after buying an additional 1,547 shares in the last quarter. Institutional investors own 62.41% of the company’s stock.

About ManTech International Corporation

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

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