CACI International Inc (NYSE:CACI) Receives $524.45 Average Price Target from Brokerages

Shares of CACI International Inc (NYSE:CACI) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $524.45.

A number of analysts have recently issued reports on CACI shares. Bank of America raised their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. UBS Group started coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 target price for the company. Wells Fargo & Company cut their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Robert W. Baird reissued an “outperform” rating and issued a $640.00 target price on shares of CACI International in a report on Tuesday. Finally, Truist Financial dropped their target price on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd.

CACI International Price Performance

Shares of CACI International stock opened at $402.72 on Wednesday. The firm has a market capitalization of $9.02 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The business’s 50-day moving average price is $494.69 and its 200-day moving average price is $471.70. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.36 earnings per share. Sell-side analysts forecast that CACI International will post 23.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares during the period. UMB Bank n.a. grew its stake in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the period. Coastline Trust Co acquired a new position in shares of CACI International in the 3rd quarter valued at $45,000. Rosenberg Matthew Hamilton boosted its holdings in CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after buying an additional 19 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in CACI International by 49.1% during the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 83 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

About CACI International

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.