CACI International (CACI) Downgraded to “Neutral” at Credit Suisse Group

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

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised CACI International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of CACI International in a research note on Tuesday. Loop Capital raised their target price on CACI International to $140.00 in a research note on Wednesday, January 3rd. ValuEngine raised CACI International from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub downgraded CACI International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. CACI International has a consensus rating of “Buy” and an average price target of $148.55.

CACI International (CACI) opened at $141.35 on Friday. CACI International has a 52 week low of $112.10 and a 52 week high of $147.31. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3,380.00, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.99 and a beta of 1.56.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $1.47 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. equities analysts predict that CACI International will post 6.91 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Prudential PLC increased its position in shares of CACI International by 33.7% during the 2nd quarter. Prudential PLC now owns 213,500 shares of the information technology services provider’s stock worth $26,698,000 after purchasing an additional 53,800 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of CACI International by 2.5% during the 3rd quarter. New York State Common Retirement Fund now owns 32,629 shares of the information technology services provider’s stock worth $4,547,000 after purchasing an additional 800 shares during the last quarter. SG Americas Securities LLC increased its position in shares of CACI International by 166.5% during the 3rd quarter. SG Americas Securities LLC now owns 4,797 shares of the information technology services provider’s stock worth $668,000 after purchasing an additional 2,997 shares during the last quarter. American International Group Inc. increased its position in shares of CACI International by 5.7% during the 3rd quarter. American International Group Inc. now owns 19,345 shares of the information technology services provider’s stock worth $2,696,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of CACI International by 3.2% during the 2nd quarter. Nationwide Fund Advisors now owns 52,461 shares of the information technology services provider’s stock worth $6,560,000 after purchasing an additional 1,613 shares during the last quarter. 88.39% of the stock is owned by hedge funds and other institutional investors.

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CACI International Company Profile

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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