Caci International (CACI) Receives a Rating Update from a Top Analyst

By Jason Carr

Credit Suisse analyst Robert Spingarn maintained a Buy rating on Caci International (CACIResearch Report) yesterday and set a price target of $269. The company’s shares closed last Monday at $226.38, close to its 52-week high of $229.37.

According to TipRanks.com, Spingarn is a top 100 analyst with an average return of 18.0% and a 72.5% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Huntington Ingalls.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caci International with a $242.80 average price target, a 10.0% upside from current levels. In a report issued on September 17, Goldman Sachs also upgraded the stock to Buy with a $258 price target.

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The company has a one-year high of $229.37 and a one-year low of $138.39. Currently, Caci International has an average volume of 277.4K.

Based on the recent corporate insider activity of 63 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 CACI 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.

CACI International, Inc. operates as holding company, which engages in the provision of 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 segment.