TD Cowen Upgrades CACI International (NYSE:CACI) to Strong-Buy

CACI International (NYSE:CACI - Get Free Report) was upgraded by stock analysts at TD Cowen to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently issued reports on CACI. Bank of America lifted their price objective on CACI International from $535.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Truist Financial lowered their price target on CACI International from $650.00 to $550.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Barclays raised their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Robert W. Baird reissued an "outperform" rating and issued a $640.00 target price on shares of CACI International in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CACI International currently has an average rating of "Moderate Buy" and an average target price of $524.45.

CACI International Trading Up 1.3 %

Shares of NYSE CACI traded up $5.27 during mid-day trading on Thursday, hitting $405.20. 185,952 shares of the company traded hands, compared to its average volume of 134,735. The business has a 50 day moving average of $494.69 and a two-hundred day moving average of $471.70. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.33 and a beta of 0.85. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating the consensus estimate of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $4.36 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC raised its holdings in CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider's stock valued at $127,000 after acquiring an additional 83 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of CACI International during the third quarter valued at approximately $184,000. Geode Capital Management LLC raised its stake in shares of CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider's stock valued at $243,386,000 after purchasing an additional 22,823 shares in the last quarter. Flow Traders U.S. LLC bought a new position in CACI International in the third quarter worth $289,000. Finally, Captrust Financial Advisors increased its holdings in CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider's stock valued at $415,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 86.43% of the company's stock.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.