Brokerages Set Mantech International Corp (MANT) Target Price at $56.14
Shares of Mantech International Corp (NASDAQ:MANT) have earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.14.
Several equities research analysts have issued reports on MANT shares. Loop Capital raised their target price on Mantech International to $57.00 in a research note on Tuesday, December 19th. BidaskClub cut Mantech International from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Zacks Investment Research cut Mantech International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Cowen reissued a “buy” rating and set a $54.00 target price on shares of Mantech International in a research note on Thursday, November 30th. Finally, SunTrust Banks raised their target price on Mantech International to $58.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd.
In other news, insider Daniel J. Keefe sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $57.09, for a total transaction of $456,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary K. Bush sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total value of $50,450.00. Following the transaction, the director now owns 7,540 shares of the company’s stock, valued at $380,393. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,000 shares of company stock valued at $859,010. 35.06% of the stock is owned by insiders.
Mantech International (NASDAQ:MANT) traded up $0.15 during trading hours on Wednesday, hitting $57.24. The company had a trading volume of 88,021 shares, compared to its average volume of 198,570. Mantech International has a 12-month low of $33.50 and a 12-month high of $62.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $2,239.58, a PE ratio of 35.03, a PEG ratio of 3.56 and a beta of 0.92.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. Mantech International had a return on equity of 4.96% and a net margin of 6.65%. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $461.91 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. sell-side analysts forecast that Mantech International will post 2.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.25 per share. This is a boost from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 8th. This represents a $1.00 annualized dividend and a yield of 1.75%. Mantech International’s dividend payout ratio (DPR) is 14.43%.
About Mantech International
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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