Noble Financial Cuts ManTech to Hold (MANT)

By admin | 7 years ago

ManTech (NASDAQ: MANT) was downgraded by equities researchers at Noble Financial from a “buy” rating to a “hold” rating in a report issued on Monday.

Shares of ManTech traded down 0.89% during mid-day trading on Monday, hitting $24.58. ManTech has a 52 week low of $24.48 and a 52 week high of $46.26. The company has a market cap of $906.7 million and a P/E ratio of 7.19.

ManTech last announced its earnings results on Thursday, May 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.09. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts predict that ManTech will post $0.78 earnings per share next quarter.

MANT has been the subject of a number of other recent research reports. Analysts at EarlyBird Capital reiterated a “hold” rating on shares of ManTech in a research note to investors on Wednesday, April 11st. Separately, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of ManTech in a research note to investors on Friday, March 16th. They set an “underweight” rating on the stock. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of ManTech from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, March 13rd.

ManTech International Corporation (ManTech) is a provider of technologies and solutions for mission-critical national security programs for customers within the Intelligence Community; departments of Defense, State, Homeland Security and Justice; Space Community; National Oceanic and Atmospheric Administration (NOAA), and other United States federal government organizations.

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