Science Applications International (SAIC) Rating Lowered to Sell at ValuEngine

Science Applications International (NYSE:SAIC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.

A number of other equities research analysts have also commented on SAIC. Wells Fargo & Co increased their price objective on shares of Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, March 29th. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Wednesday, March 6th. Citigroup started coverage on shares of Science Applications International in a report on Tuesday, February 19th. They set a “buy” rating on the stock. Finally, Drexel Hamilton reissued a “buy” rating and set a $90.00 price objective on shares of Science Applications International in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $88.57.

SAIC opened at $73.84 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60. Science Applications International has a twelve month low of $58.19 and a twelve month high of $93.31. The stock has a market capitalization of $4.44 billion, a PE ratio of 14.65, a PEG ratio of 2.70 and a beta of 1.56.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.28. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Science Applications International will post 5.02 earnings per share for the current year.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now directly owns 59,151 shares in the company, valued at approximately $4,436,325. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP acquired a new position in Science Applications International during the 4th quarter valued at about $36,000. Meeder Asset Management Inc. lifted its position in Science Applications International by 23.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 202 shares during the period. Wilsey Asset Management Inc. acquired a new position in Science Applications International during the 4th quarter valued at about $144,000. NumerixS Investment Technologies Inc lifted its position in Science Applications International by 30.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider’s stock valued at $188,000 after purchasing an additional 700 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Science Applications International during the 3rd quarter valued at about $243,000. Institutional investors own 69.53% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

Read More: What are trading strategies for the 52-week high/low?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit