Caci International Receives a Hold from FBR Capital

By Austin Angelo

FBR Capital analyst Christopher Van Horn reiterated a Hold rating on Caci International (NYSE: CACI) on October 28 and set a price target of $94. The company’s shares opened today at $98.25.

Van Horn wrote:

“CACI reported higher results for F1Q17 that benefited from unanticipated material purchases in the quarter. We see this as a one-time event, and our neutral stance on this stock is unchanged. Aside from the quarter, we think that investors are focused on two themes right now: the administration transition and the possibility of a continuing resolution for next year’s budget. To the first point, we believe that spending plans are less likely to change in the first year of a new administration than in the second and third; moreover, a new administration is unlikely to halt ongoing escalation in the global threat environment. To the second point, a CR is possible (given continued partisan friction in Congress) for the coming year. This would hinder growth for certain names, including, we believe, CACI. There are areas of spending (like enterprise IT) that we view as more compelling and likely to outstrip the broader defense environment even in the case of a CR, and CACI does have exposure here. Yet overall, we find that most future growth is priced into the shares at these levels. We reiterate our Market Perform rating and $94 price target.”

According to, Horn is a 3-star analyst with an average return of 1.3% and a 37.2% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Federal-Mogul Corp., and Tower International.

Caci International has an analyst consensus of Hold, with a price target consensus of $96.

The company has a one year high of $111.13 and a one year low of $78.08. Currently, Caci International has an average volume of 161.3K.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock. Last month, Warren Phillips, a Director at CACI sold 255 shares for a total of $25,176.

CACI International, Inc. is a holding company, which provides information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segments. The Domestic Operations provides information solutions and services to U.S. federal government agencies, state and local governments, and commercial enterprises to different market areas including business systems, command and control, communications, cyber security, enterprise information technology (IT), health, intelligence services, investigation and litigation support, logistics and material readiness, and surveillance and reconnaissance. The International Operations segment offers IT services and proprietary data and software products, serving commercial and government customers. The company was founded by Herb Karr and Harry Markowitz in July 1962 and is headquartered in Arlington, VA.