In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Science Applications (SAIC), with a price target of $95.00. The company’s shares closed last Tuesday at $84.73.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 7.3% and a 62.8% success rate. Rumohr covers the Technology sector, focusing on stocks such as Caci International, Spirit AeroSystems, and General Dynamics.
Science Applications has an analyst consensus of Strong Buy, with a price target consensus of $94.00.
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The company has a one-year high of $96.81 and a one-year low of $45.46. Currently, Science Applications has an average volume of 653.6K.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAIC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. 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 such as the design, development, integration, deployment, management and operations, and 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.
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