CACI International Inc (NYSE:CACI) close to 52-week high, short interest surging

CACI International Inc (NYSE:CACI) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $89.64, up by 1.59%, with a volume of 176,004 shares against an average volume for the last 3 months of 143,838.

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CACI reported last quarter earnings on April 29. The Computer Services company announced earnings per share of $1.2 against a consensus Street estimate of $1.27, missing estimate by $0.07. This corresponds to a decrease of $0.12 compared to the same quarter of the previous fiscal year.

CACI International Inc (NYSE:CACI) is currently trading 2.78% below its 52-week-high, 33.77% above its 52-week-low. The 12-months range for the stock is $67.01 – $92.2. CACI International Inc (CACI) has a price to earnings ratio of 18.01 versus S&P 500 average of 18.16. CACI stock price has outperformed the S&P 500 by 1%. The Computer Services company is currently valued at $2.17 billion and its share price closed the last trading session at $89.64. The stock has a 50-day moving average of $88.04 and a 200-day moving average of $85.77.

CACI International Inc (CACI) current short interest stands at 7.09 million shares. It has increased by 26% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.16 million shares, the number of days required to cover the short positions stand at 4.4 days.

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There are currently fourteen analysts that cover CACI stock. Of those fourteen, four have a Buy rating, ten have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $94.64.

A recent analyst activity consisted of Stifel Nicolaus reiterating their Buy stance on May 1. Stifel Nicolaus decreased price target from $105 to $102. This corresponds to a 13.79% upside from the last closing price. On the date of report, the stock closed at $89.64.

Citigroup reiterated their Neutral stance on February 2, and decreased their price target from $97 to $91. This corresponds to a 1.52% upside from the last closing price. On the date of report, the stock closed at $83.74.

Another research firm was JP Morgan who reiterated their Neutral stance on February 2. JP Morgan increased their price target on CACI International Inc from $83 to $88. This translates to a 1.83% downside from the last closing price. On the date of report, the stock closed at $83.74.

Company profile

CACI International Inc. provides information technology products and services. The Company delivers client solutions for systems integration, information assurance and security, reengineering, logistics and engineering support, electronic commerce, and other solutions. CACI serves government and commercial markets primarily in North America and Western Europe.

CACI International Inc (NYSE:CACI) close to 52-week high, short interest surging was last modified: May 4th, 2015 by Jason Ford