Rating Alert: Is Science Applications International (NYSE:SAIC) Worth Your Time After Placed Citigroup’s Downgrade?

November 29, 2016 - By Marguerite Chambers

Rating Alert: Is Science Applications International (NYSE:SAIC) Worth Your Time After Placed Citigroup's Downgrade?

Science Applications International (NYSE:SAIC) Downgrade

Citigroup gave Science Applications International (NYSE:SAIC) shares a new “Neutral” rating in a an analyst note revealed to investors and clients on 29 November. This is cut from the last “Buy” rating.

Science Applications International Corp (NYSE:SAIC) Ratings Coverage

Out of 7 analysts covering Science Applications International (NYSE:SAIC), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $68 is the highest target while $50 is the lowest. The $62.80 average target is -25.51% below today’s ($84.31) stock price. Science Applications International has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. BB&T Capital initiated the shares of SAIC in a report on Tuesday, July 28 with “Buy” rating. The firm has “Buy” rating given on Wednesday, September 2 by Citigroup. On Monday, June 13 the stock rating was downgraded by BB&T Capital to “Hold”. The stock of Science Applications International Corp (NYSE:SAIC) has “Outperform” rating given on Thursday, January 7 by Wells Fargo. Citigroup maintained Science Applications International Corp (NYSE:SAIC) on Wednesday, June 8 with “Buy” rating. The rating was upgraded by Drexel Hamilton to “Buy” on Friday, November 11. Jefferies maintained the stock with “Buy” rating in Wednesday, June 15 report. The company was downgraded on Friday, September 9 by Drexel Hamilton. SunTrust initiated the stock with “Buy” rating in Thursday, December 10 report. Jefferies initiated the shares of SAIC in a report on Wednesday, January 20 with “Buy” rating.

The stock increased 0.42% or $0.35 during the last trading session, hitting $84.31. About 320,381 shares traded hands or 9.81% up from the average. Science Applications International Corp (NYSE:SAIC) has risen 56.52% since April 26, 2016 and is uptrending. It has outperformed by 51.27% the S&P500.

Analysts await Science Applications International Corp (NYSE:SAIC) to report earnings on December, 8 before the open. They expect $0.84 earnings per share, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.16 million for 25.09 P/E if the $0.84 EPS becomes a reality. After $0.85 actual earnings per share reported by Science Applications International Corp for the previous quarter, Wall Street now forecasts -1.18% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.51, from 0.95 in 2016Q1. The ratio improved, as 28 funds sold all Science Applications International Corp shares owned while 83 reduced positions. 26 funds bought stakes while 79 increased positions. They now own 27.21 million shares or 3.53% less from 28.21 million shares in 2016Q1.

Aqr Capital Mgmt Limited Com has 0% invested in the company for 30,511 shares. The Massachusetts-based Commonwealth Equity has invested 0% in Science Applications International Corp (NYSE:SAIC). Utd Services Automobile Association accumulated 177,790 shares or 0.04% of the stock. First Citizens National Bank & Tru has invested 0.04% of its portfolio in Science Applications International Corp (NYSE:SAIC). Acadian Asset Mngmt Ltd Company holds 0% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 202 shares. Louisiana State Employees Retirement System, a Louisiana-based fund reported 10,900 shares. Victory Mgmt has 8,375 shares for 0% of their US portfolio. Landscape Limited Liability has 0.06% invested in the company for 8,000 shares. Voya Inv Ltd Co accumulated 0% or 18,958 shares. The United Kingdom-based Barclays Public Limited has invested 0% in Science Applications International Corp (NYSE:SAIC). The Massachusetts-based Boston Advsrs Ltd Limited Liability Company has invested 0.02% in Science Applications International Corp (NYSE:SAIC). Schwab Charles Inv Mgmt last reported 0.02% of its portfolio in the stock. The Ohio-based Keybank National Association Oh has invested 0.01% in Science Applications International Corp (NYSE:SAIC). State Treasurer State Of Michigan has invested 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC). Alliancebernstein Ltd Partnership holds 0.01% or 135,691 shares in its portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 5 selling transactions for $3.88 million net activity. 4,300 shares with value of $249,400 were sold by WAGONER DOUGLAS MARTIN on Wednesday, July 6. 13,000 shares were sold by Hartley John Robert, worth $740,251 on Wednesday, June 15. 38,821 shares were sold by Moraco Anthony J, worth $2.58 million. 2,160 shares were sold by Bishop Maria M., worth $150,446 on Friday, September 23.

Science Applications International Corporation is a well-known provider of technical, engineering and enterprise information technology (IT) services. The company has a market cap of $3.73 billion. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. It has a 29.83 P/E ratio. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

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.”

SAIC Company Profile

Science Applications International Corporation (SAIC), incorporated on February 1, 2013, is a well-known provider of technical, engineering and enterprise information technology (IT) services. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

Another recent and important Science Applications International Corp (NYSE:SAIC) news was published by Globenewswire.com which published an article titled: “Wesco Aircraft Announces Chemical Management Services Agreement With Science …” on November 07, 2016.

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