Citigroup Lowers Science Applications International (NASDAQ:SAIC) Price Target to $120.00

Science Applications International (NASDAQ:SAIC) had its target price reduced by Citigroup from $133.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.87% from the company’s current price.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. UBS Group boosted their price target on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Truist Financial cut their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a report on Tuesday, March 17th. The Goldman Sachs Group reduced their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Finally, Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.44.

Science Applications International Stock Performance

Shares of NASDAQ:SAIC opened at $100.11 on Thursday. The stock’s 50-day simple moving average is $94.40 and its two-hundred day simple moving average is $97.08. Science Applications International has a 52-week low of $81.08 and a 52-week high of $124.11. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business posted $2.57 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently added to or reduced their stakes in SAIC. Cresset Asset Management LLC boosted its holdings in shares of Science Applications International by 4.4% in the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after purchasing an additional 88 shares during the period. Focus Partners Wealth boosted its stake in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Science Applications International by 1.7% in the 2nd quarter. Lido Advisors LLC now owns 6,437 shares of the company’s stock worth $725,000 after purchasing an additional 107 shares in the last quarter. International Assets Investment Management LLC grew its stake in Science Applications International by 5.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock worth $213,000 after buying an additional 111 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Science Applications International by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after buying an additional 115 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.