Science Applications International (NASDAQ:SAIC) Cut to Hold at Zacks Research

Zacks Research lowered shares of Science Applications International (NASDAQ:SAIC) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research note on Monday, December 29th. Citigroup raised Science Applications International to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Science Applications International presently has an average rating of “Moderate Buy”.

Science Applications International Stock Performance

Science Applications International stock opened at $97.86 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.64. The stock has a market cap of $4.42 billion, a PE ratio of 12.51 and a beta of 0.28. Science Applications International has a 12-month low of $84.15 and a 12-month high of $124.11. The business’s 50-day moving average price is $102.52 and its two-hundred day moving average price is $103.07.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Thursday, December 4th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. The company had revenue of $1.87 billion for the quarter. Science Applications International had a net margin of 5.05% and a return on equity of 33.19%.

About Science Applications International

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.