In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Caci International (CACI), with a price target of $233. The company’s shares closed last Monday at $216.64, close to its 52-week high of $229.37.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 14.9% and a 73.7% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on Caci International is a Moderate Buy with an average price target of $243, representing a 12.2% upside. In a report released yesterday, Goldman Sachs also upgraded the stock to Buy with a $258 price target.
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Based on Caci International’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $50.03 million. In comparison, last year the company had a net profit of $51.83 million.
Based on the recent corporate insider activity of 62 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.
