Today’s Rating On Watch: Is SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) a Sell? Citigroup Downgrades It

November 29, 2016 - By Winifred Garcia

Today's Rating On Watch: Is SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) a Sell? Citigroup Downgrades It

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) Downgrade

In a a research report issued to investors and clients on Tuesday morning, stock research analysts at Citigroup’s equity research division downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)‘s stock rating from aBuy to Neutral.

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 -25.58% below today’s ($84.39) stock price. Science Applications International has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was initiated by Suntrust Robinson. Jefferies maintained it with “Buy” rating and $68 target price in Wednesday, June 15 report. Citigroup upgraded Science Applications International Corp (NYSE:SAIC) rating on Wednesday, September 2. Citigroup has “Buy” rating and $55 price target. The firm has “Hold” rating by BB&T Capital given on Monday, June 13. The rating was initiated by BB&T Capital on Tuesday, July 28 with “Buy”. Jefferies initiated Science Applications International Corp (NYSE:SAIC) rating on Wednesday, January 20. Jefferies has “Buy” rating and $57 price target. The stock of Science Applications International Corp (NYSE:SAIC) earned “Outperform” rating by Wells Fargo on Thursday, January 7. The firm earned “Hold” rating on Friday, September 9 by Drexel Hamilton. The rating was maintained by Citigroup on Wednesday, June 8 with “Buy”. Citigroup maintained the stock with “Buy” rating in Tuesday, June 14 report.

About 173,979 shares traded hands. 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 EPS, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.11M for 25.13 P/E if the $0.84 EPS becomes a reality. After $0.85 actual EPS 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 increased, 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.

Keybank National Association Oh accumulated 14,074 shares or 0.01% of the stock. Moreover, Lsv Asset Mgmt has 0.01% invested in Science Applications International Corp (NYSE:SAIC) for 63,171 shares. New York State Teachers Retirement holds 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 84,958 shares. Principal Group Inc has invested 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC). Independent Portfolio Consultants holds 0.09% or 4,895 shares in its portfolio. Laurion Capital Mgmt Limited Partnership owns 7,200 shares or 0.01% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Science Applications International Corp (NYSE:SAIC) for 76,167 shares. Rhumbline Advisers last reported 0.01% of its portfolio in the stock. Barclays Public has 1,331 shares for 0% of their US portfolio. Nordea Inv Mgmt Ab holds 17,900 shares or 0% of its portfolio. Prudential Fincl has invested 0.02% of its portfolio in Science Applications International Corp (NYSE:SAIC). State Board Of Administration Of Florida Retirement Sys reported 31,082 shares or 0.01% of all its holdings. Axa has 5,800 shares for 0% of their US portfolio. Mayo Inv Advisers Limited Liability Company last reported 30,600 shares in the company. Wedge Mngmt L Ltd Partnership Nc last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 5 insider sales for $3.88 million net activity. Hartley John Robert sold $740,251 worth of stock or 13,000 shares. Bishop Maria M. sold $150,446 worth of stock or 2,160 shares. Shares for $249,400 were sold by WAGONER DOUGLAS MARTIN. On Tuesday, September 13 Moraco Anthony J sold $2.58 million worth of the stock or 38,821 shares.

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 29.86 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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