Science Applications International Corp (NYSE:SAIC) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $81.00.
A number of research firms have weighed in on SAIC. Jefferies Group restated a “hold” rating and issued a $78.00 target price on shares of Science Applications International in a research report on Monday, January 8th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, March 8th. Cowen restated a “hold” rating and issued a $72.00 target price on shares of Science Applications International in a research report on Friday, December 8th. Finally, Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, December 8th.
Shares of SAIC stock traded down $1.85 during midday trading on Wednesday, hitting $73.84. The stock had a trading volume of 216,629 shares, compared to its average volume of 247,792. The firm has a market capitalization of $3,236.95, a P/E ratio of 20.29, a PEG ratio of 3.75 and a beta of 1.51. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. Science Applications International has a fifty-two week low of $60.21 and a fifty-two week high of $88.49.
Hedge funds and other institutional investors have recently bought and sold shares of the business. We Are One Seven LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $124,000. Bank of Montreal Can increased its holdings in shares of Science Applications International by 73.8% in the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 708 shares in the last quarter. Hayek Kallen Investment Management bought a new position in shares of Science Applications International in the fourth quarter valued at $215,000. Boston Family Office LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $229,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Science Applications International in the third quarter valued at $223,000. 64.63% of the stock is currently owned by institutional investors.
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Science Applications International Company Profile
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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