Credit Suisse Group Lowers CACI International (CACI) to Neutral

CACI International (NYSE:CACI) was downgraded by research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.

CACI has been the subject of several other research reports. Stifel Nicolaus reissued a “buy” rating and issued a $151.00 price objective on shares of CACI International in a report on Tuesday, November 21st. SunTrust Banks reissued a “hold” rating and issued a $134.00 price objective on shares of CACI International in a report on Friday, October 20th. Zacks Investment Research raised CACI International from a “hold” rating to a “strong-buy” rating and set a $163.00 price objective for the company in a report on Wednesday, October 18th. Noble Financial reissued a “buy” rating on shares of CACI International in a report on Monday, November 13th. Finally, Cowen reissued a “buy” rating and issued a $152.00 price objective on shares of CACI International in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. CACI International has a consensus rating of “Buy” and a consensus target price of $148.55.

CACI International (NYSE:CACI) opened at $141.35 on Friday. The stock has a market capitalization of $3,380.00, a PE ratio of 21.03, a PEG ratio of 1.99 and a beta of 1.56. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. CACI International has a fifty-two week low of $112.10 and a fifty-two week high of $147.31.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. sell-side analysts expect that CACI International will post 6.91 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Glen Harbor Capital Management LLC increased its stake in CACI International by 12.5% during the 1st quarter. Glen Harbor Capital Management LLC now owns 990 shares of the information technology services provider’s stock worth $116,000 after buying an additional 110 shares in the last quarter. Elkfork Partners LLC purchased a new stake in CACI International during the 4th quarter worth approximately $139,000. Riverhead Capital Management LLC boosted its holdings in shares of CACI International by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock worth $167,000 after purchasing an additional 532 shares during the last quarter. Meadow Creek Investment Management LLC boosted its holdings in shares of CACI International by 12.5% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,530 shares of the information technology services provider’s stock worth $180,000 after purchasing an additional 170 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of CACI International by 5.9% during the 1st quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock worth $194,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 88.39% of the company’s stock.

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About CACI International

CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.

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Analyst Recommendations for CACI International (NYSE:CACI)