After Wells Fargo and SunTrust Robinson gave Caci International (NYSE: CACI) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Cai Rumohr maintained a Buy rating on Caci International today and set a price target of $283.00. The company’s shares closed last Thursday at $250.14.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 8.2% and a 63.5% success rate. Rumohr covers the Technology sector, focusing on stocks such as Science Applications, Spirit AeroSystems, and General Dynamics.
Caci International has an analyst consensus of Strong Buy, with a price target consensus of $284.00, implying a 11.0% upside from current levels. In a report issued on April 20, Citigroup also upgraded the stock to Buy with a $285.00 price target.
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The company has a one-year high of $288.59 and a one-year low of $156.15. Currently, Caci International has an average volume of 200.2K.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CACI in relation to earlier this year.
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CACI International, Inc. operates as holding company, which engages in the provision of information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segment. The Domestic Operations segment offers information solutions and services to U.S. federal government agencies, state and local governments, and commercial enterprises to different market areas, including business systems, command and control, communications, cyber security, enterprise information technology (IT), health, intelligence services, investigation and litigation support, logistics and material readiness, and surveillance and reconnaissance. The International Operations segment includes the provision of IT services and proprietary data and software products, serving commercial and government customers. The company was founded by Herb Karr and Harry Markowitz in July 1962 and is headquartered in Arlington, VA.
