Cowen Upgrades SAIC to Outperform (SAI)

By admin | 6 years ago

SAIC (NYSE: SAI) was upgraded by research analysts at Cowen from a “neutral” rating to an “outperform” rating in a report released on Friday.

SAIC traded up 1.10% on Friday, hitting $11.00. SAIC has a 52-week low of $10.31 and a 52-week high of $17.03. The company has a market cap of $3.757 billion and a price-to-earnings ratio of 80.00.

SAIC last posted its quarterly earnings results on Thursday, May 31st. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that SAIC will post $0.35 EPS next quarter.

A number of other analysts have also recently weighed in on SAI. Analysts at Raymond James (NYSE: RJF) upgraded shares of SAIC from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, May 29th. Separately, analysts at Jefferies Group (NYSE: JEF) upgraded shares of SAIC from a “hold” rating to a “buy” rating in a research note to investors on Monday, March 26th. They now have a $16.00 price target on the stock. Finally, analysts at RBC Capital (NYSE: RY) upgraded shares of SAIC from an “underperform” rating to a “sector perform” rating in a research note to investors on Wednesday, March 21st.

SAIC, Inc. (SAIC) is a provider of scientific, engineering, systems integration and technical services and solutions to all branches of the United States military, agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security (DHS) and other United States Government civil agencies, state and local government agencies, foreign governments and customers in select commercial markets.

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