Drexel Hamilton analyst Brian Ruttenbur upgraded Science Applications (NYSE: SAIC) to Buy today and set a price target of $90. The company’s shares closed yesterday at $79.54.
Ruttenbur wrote:
“We recently met with management and believe the revenue, margins, and cash generation goals of the EGL deal are achievable over the next two years.”
According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 10.1% and a 68.1% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.
Science Applications has an analyst consensus of Moderate Buy, with a price target consensus of $86.83, representing a 9.2% upside. In a report issued on September 25, Jefferies also upgraded the stock to Buy with a $97 price target.
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Science Applications’ market cap is currently $3.42B and has a P/E ratio of 18.11. The company has a Price to Book ratio of 9.32.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock.
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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.
