In a report released yesterday, Cai Rumohr from Cowen & Co. maintained a Hold rating on Science Applications (SAIC), with a price target of $82. The company’s shares closed yesterday at $67.73, close to its 52-week low of $63.15.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.1% and a 57.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Currently, the analyst consensus on Science Applications is a Moderate Buy with an average price target of $83.75, representing a 23.7% upside. In a report issued on December 6, Wells Fargo also maintained a Hold rating on the stock with a $75 price target.
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Based on Science Applications’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.18 billion and net profit of $48 million. In comparison, last year the company earned revenue of $1.15 billion and had a net profit of $43 million.
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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.
