Drexel Hamilton Keeps a Hold Rating on Science Applications (SAIC)


Drexel Hamilton analyst Brian Ruttenbur maintained a Hold rating on Science Applications (NYSE: SAIC) today. The company’s shares opened today at $87.64.

Ruttenbur commented:

“We are slightly adjusting our estimates following 2Q’19 call (our projections do not include the acquisition of EGL). We are lowering our FY’19 revenue estimate from $4.6B to $4.5B, raising our Adj. EBITDA estimate from $319M to $323M, and our Adj. EPS estimate from $4.25 to $4.38. We are maintaining our FY’20 revenue at $4.7B, our Adj. EBITDA estimate at $345M, and slightly raising our Adj. EPS estimate from $4.66 to $4.69.”

According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 10.2% and a 76.6% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.

Currently, the analyst consensus on Science Applications is a Moderate Buy with an average price target of $91.25.

See today’s analyst top recommended stocks >>

The company has a one-year high of $93.31 and a one-year low of $60.21. Currently, Science Applications has an average volume of 222.6K.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Science Applications International Corp. engages in the provision of engineering, systems integration and information technology services. 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 spanning the design, development, integration, deployment, management and operations, sustainment and security of its customer’s information technology infrastructure. The company was founded by J. Robert Beyster in 1969 and is headquartered in McLean, VA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts