Morgan Stanley Keeps Their Buy Rating on Science Applications (SAIC)

By Carrie Williams

Morgan Stanley analyst Matthew Sharpe CFA reiterated a Buy rating on Science Applications (SAICResearch Report) on June 7 and set a price target of $96. The company’s shares closed yesterday at $84.90.

According to, CFA is a 2-star analyst with an average return of 1.8% and a 66.7% success rate. CFA covers the Technology sector, focusing on stocks such as Caci International, Leidos Holdings, and Perspecta Inc.

Science Applications has an analyst consensus of Moderate Buy, with a price target consensus of $91.86, an 8.2% upside from current levels. In a report issued on June 6, SunTrust Robinson also maintained a Buy rating on the stock with a $100 price target.

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Based on Science Applications’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.62 billion and net profit of $55 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $49 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.

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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.