Cowen & Co. analyst Cai Rumohr upgraded Science Applications (SAIC) to Buy today and set a price target of $102. The company’s shares closed last Monday at $83.08.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 14.5% and a 70.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Science Applications with a $100.33 average price target.
See today’s analyst top recommended stocks >>
Based on Science Applications’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.59 billion and net profit of $57 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $49 million.
Based on the recent corporate insider activity of 52 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 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.
