Science Applications International (NYSE:SAIC) had its price target cut by research analysts at Wells Fargo & Co from $84.00 to $75.00 in a research report issued on Friday, MarketBeat reports. The brokerage presently has a “market perform” rating on the information technology services provider’s stock. Wells Fargo & Co’s price objective suggests a potential upside of 8.07% from the company’s current price.

SAIC has been the subject of several other reports. Zacks Investment Research downgraded Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Vertical Research downgraded Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a report on Tuesday, September 11th. ValuEngine downgraded Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Drexel Hamilton upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, September 28th. Finally, Jefferies Financial Group upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.57.

Shares of Science Applications International stock opened at $69.40 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24. Science Applications International has a 1 year low of $63.15 and a 1 year high of $93.31. The company has a market cap of $2.76 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.88 and a beta of 1.49.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Science Applications International had a return on equity of 61.00% and a net margin of 4.29%. Science Applications International’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, analysts forecast that Science Applications International will post 4.51 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. increased its holdings in shares of Science Applications International by 536.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock worth $164,000 after buying an additional 1,712 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Science Applications International during the 2nd quarter worth $201,000. Point72 Hong Kong Ltd increased its holdings in shares of Science Applications International by 219.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock worth $212,000 after buying an additional 1,797 shares during the last quarter. Martingale Asset Management L P acquired a new stake in shares of Science Applications International during the 2nd quarter worth $229,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Science Applications International during the 3rd quarter worth $243,000. Institutional investors own 67.30% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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