Credit Suisse Lowers CACI International to Neutral (CACI)

By admin | 7 years ago

CACI International (NASDAQ: CACI) was downgraded by Credit Suisse (NYSE: CS) from an “outperform” rating to a “neutral” rating in a research note issued on Thursday.

Several other analysts have also recently commented on the stock. 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. 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 traded down 4.58% on Thursday, hitting $49.16. CACI International has a 1-year low of $46.36 and a 1-year high of $66.49. The company has a market cap of $1.305 billion and a price-to-earnings ratio of 8.87.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.45 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.44 EPS by $0.01. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that CACI International will post $1.34 EPS next quarter.

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.

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