RBC Capital Lowers Price Target on CACI International (CACI)

By admin | 6 years ago

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.

About the author