Science Applications International (NYSE:SAIC) had its price target hoisted by equities researchers at Wells Fargo & Co from $92.00 to $100.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Co‘s price target suggests a potential upside of 8.24% from the company’s previous close. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued research reports about the company. ValuEngine raised Science Applications International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. started coverage on shares of Science Applications International in a research note on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price objective for the company. Barclays started coverage on shares of Science Applications International in a research report on Friday, September 20th. They set an “overweight” rating and a $105.00 price objective on the stock. Finally, Cowen reiterated a “buy” rating and set a $102.00 price objective on shares of Science Applications International in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.80.
Shares of NYSE SAIC traded up $3.13 during midday trading on Thursday, reaching $92.39. 196,530 shares of the stock traded hands, compared to its average volume of 310,952. The company’s 50 day moving average is $85.83 and its 200 day moving average is $84.71. Science Applications International has a one year low of $62.56 and a one year high of $92.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.20 and a quick ratio of 1.07. The stock has a market capitalization of $5.10 billion, a PE ratio of 18.33, a P/E/G ratio of 2.96 and a beta of 1.29.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, December 5th. The information technology services provider reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.04). The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Science Applications International had a net margin of 2.62% and a return on equity of 22.10%. The firm’s revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. As a group, equities analysts forecast that Science Applications International will post 5.42 EPS for the current year.
Several hedge funds have recently modified their holdings of the business. Schroder Investment Management Group increased its stake in shares of Science Applications International by 27.1% during the second quarter. Schroder Investment Management Group now owns 351,654 shares of the information technology services provider’s stock valued at $30,439,000 after buying an additional 74,880 shares during the period. Bank of Montreal Can increased its holdings in Science Applications International by 844.2% during the second quarter. Bank of Montreal Can now owns 24,144 shares of the information technology services provider’s stock valued at $2,090,000 after buying an additional 21,587 shares during the period. LPL Financial LLC raised its stake in Science Applications International by 105.5% in the second quarter. LPL Financial LLC now owns 8,534 shares of the information technology services provider’s stock worth $739,000 after buying an additional 4,382 shares in the last quarter. Northern Trust Corp raised its stake in Science Applications International by 1.3% in the second quarter. Northern Trust Corp now owns 833,725 shares of the information technology services provider’s stock worth $72,167,000 after buying an additional 10,388 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in Science Applications International by 43.6% during the second quarter. Commonwealth Bank of Australia now owns 7,900 shares of the information technology services provider’s stock worth $683,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.
Science Applications International Company Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
Read More: What is a Call Option?
Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.