RBC Capital Lowers Price Target on CACI International (CACI)
Investment analysts at RBC Capital (NYSE: RY) cut their target price on shares of CACI International (NASDAQ: CACI) from $79.00 to $65.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
Shares of CACI International opened at 49.16 on Friday. CACI International has a 52 week low of $46.36 and a 52 week high of $66.49. The company has a market cap of $1.305 billion and a P/E ratio of 8.46.
CACI International last announced its earnings results on Wednesday, May 2nd. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.44 by $0.01. CACI International’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that CACI International will post $1.34 earnings per share next quarter.
A number of other analysts have also recently weighed in on CACI. Analysts at Credit Suisse (NYSE: CS) downgraded shares of CACI International from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of CACI International in a research note to investors on Friday, March 16th. They set an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CACI International in a research note to investors on Monday, March 5th. They now have a $62.00 price target on the stock.
CACI International Inc (CACI), along with its wholly owned subsidiaries and joint ventures, is an international information systems, high technology services, and professional services corporation.