Morgan Stanley analyst Matthew Sharpe CFA maintained a Hold rating on ManTech (MANT) today and set a price target of $89.00. The company’s shares closed last Monday at $80.80.
According to TipRanks.com, CFA is a 3-star analyst with an average return of 6.8% and a 59.1% success rate. CFA covers the Technology sector, focusing on stocks such as Science Applications, Caci International, and Leidos Holdings.
Currently, the analyst consensus on ManTech is a Hold with an average price target of $84.60, implying a 3.1% upside from current levels. In a report issued on February 9, Alliance Global Partners also downgraded the stock to Hold with a $98.00 price target.
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Based on ManTech’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $636 million and net profit of $29.74 million. In comparison, last year the company earned revenue of $579 million and had a net profit of $27.94 million.
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ManTech International Corp. engages in the provision of information technology and technical services solutions. It also offers cyber security, software and systems development, enterprise information technology, multi-disciplined intelligence, program protection and mission assurance, system engineering, test and evaluation, command, control, communications, computers, intelligence, training, supply chain, and management consulting. The company was founded by George J. Pedersen in 1968 and is headquartered in Herndon, VA.
