Jefferies Raises Price Target & Estimates on CACI International (CACI), Maintains Buy Rating

Jefferies is maintaining their Buy rating on shares of CACI International (NYSE: CACI) as the firm believes that the company is finally receiving some of the respect that they deserve relative to their earning and growth performance. With CACI reporting another quarter that ahead of the streets estimate of $0.97 by $0.11. With booking continuing to remain robust, the company is raising their guidance once again for 2011. Jefferies is raising their FY11 and FY12 EPS estimates to $4.18 and $4.32 from $3.99 and $4.24. To go inline with their new estimates, the firm is raising their price target on the company to $67 from $61.

Jefferies comments that, "As we have published several times over the past few months, we feel CACI represents one of the higher IRR opportunities for private equity in federal IT."

For more ratings news on CACI International click here and for the rating history of CACI International click here.

Shares of CACI International closed at $55.50 yesterday, with a 52 week range of $40.00-$56.55.

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