Why Has Sun Trust Rbsn Humphrey Given Science Applications (NYSE:SAIC) a $58.0 Price Target
In a recent research report shared with investors and clients on Thursday morning, stock analysts at Sun Trust Rbsn Humphrey have initiated coverage for Science Applications (NYSE:SAIC) shares. The firm has decided to set a “Buy” rating along with a $58.0, adding 21.52% to the target.
From a total of 5 analysts covering Science Applications International (NYSE:SAIC) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $60 while the lowest target price is $50. The mean of all analyst targets is $56.2 with a 14.73% above today’s ($48.81) stock price. Science Applications International was the topic of 4 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on September 2 to “Buy” rating.
Approximately 81,006 shares of stock traded hands. Science Applications International Corp (NYSE:SAIC) has declined 4.64% since May 7, 2015 and is downtrending. It has underperformed by 2.70% the S&P500.
The overall sentiment of institutions has decreased to 1.13 in Q2 2015. Its down 0.16, from 1.29 in 2015Q2. The ratio turned negative, as 38 institutions have sold all the shares of Science Applications International Corp that they owned while 70 funds have taken shares off the table. 28 funds have purchased shares for the first time while 94 added to their positions. These institutions now hold 25.51 million shares or 11.20% less than the 28.72 million shares they owned in 2015Q2.
The Fund Isf Management Llc currently is holding shares equating to 10.75% of its total portfolio in Science Applications International Corp representing a total of 165,475 shares. Another fund,Knightsbridge Asset Management Llc, is holding a total of 180,263 shares equating to 5.09% of their holdings. Additionally, Mcclain Value Management Llc has a 398,198 share stake in Science Applications International Corp which represents 5.06% of their total portfolio. The Fund, Sg Capital Management Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 2.02% of their total portfolio. Finally Freestone Capital Holdings Llc, a fund which is based in the state of Washington reported a total holdings of 354,623 shares.
Science Applications International Corporation is a technology integrator. The company has a market cap of $2.18 billion. The Firm provides life cycle services and solutions in the technical, engineering, intelligence and enterprise information technology (IT) markets. It has 18.55 P/E ratio. It provides services to the United States Government, including the Department of Defense (DoD) and federal civilian agencies.
According to Zacks Investment Research, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA.” Get a free copy of the Zacks research report on Science Applications International Corp (SAIC).