Citigroup Issues Pessimistic Forecast for Science Applications International (NASDAQ:SAIC) Stock Price

Science Applications International (NASDAQ:SAIC) had its price target dropped by stock analysts at Citigroup from $133.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 20.28% from the stock’s current price.

Several other analysts have also recently commented on SAIC. UBS Group raised their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Truist Financial lowered their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Stifel Nicolaus cut their price objective on shares of 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $112.44.

Science Applications International Stock Performance

NASDAQ:SAIC traded up $2.45 during mid-day trading on Thursday, hitting $99.77. The stock had a trading volume of 130,999 shares, compared to its average volume of 672,805. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The company has a 50 day simple moving average of $94.78 and a 200-day simple moving average of $97.08. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 13.00 and a beta of 0.30. Science Applications International has a 52 week low of $81.08 and a 52 week high of $124.11.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. Science Applications International’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 EPS.

Institutional Trading of Science Applications International

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. Los Angeles Capital Management LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at $25,000. Transamerica Financial Advisors LLC grew its holdings in Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after acquiring an additional 215 shares during the period. Quent Capital LLC bought a new stake in Science Applications International in the third quarter worth about $29,000. Wexford Capital LP acquired a new stake in Science Applications International in the 3rd quarter valued at about $29,000. Finally, Rakuten Securities Inc. lifted its holdings in Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

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.