Jefferies Maintains a 'Buy' on SAIC, Inc. (SAI); Quarter Expectations Remain Low
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Price: $0.75 --0%
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies maintains a 'Buy' on SAIC, Inc. (NYSE: SAI) price target of $16.00.
Analyst, Jason Kupferberg, said, "While we believe SAI's core federal IT end markets remain challenged, we are comfortable with near-term estimates (including F2Q to be reported 8/30), given our view that the new management team established conservative F13 (Jan) guidance in March, while appropriations bills have been in place for the remainder of the gov't F12 (Sept). Expectations remain low, so an in-line quarter should be good enough for shares."
Sees current quarter EPS at $0.35 vs. consensus of $0.33.
For an analyst ratings summary and ratings history on SAIC, Inc. click here. For more ratings news on SAIC, Inc. click here.
Shares of SAIC, Inc. closed at $11.83 yesterday.
Analyst, Jason Kupferberg, said, "While we believe SAI's core federal IT end markets remain challenged, we are comfortable with near-term estimates (including F2Q to be reported 8/30), given our view that the new management team established conservative F13 (Jan) guidance in March, while appropriations bills have been in place for the remainder of the gov't F12 (Sept). Expectations remain low, so an in-line quarter should be good enough for shares."
Sees current quarter EPS at $0.35 vs. consensus of $0.33.
For an analyst ratings summary and ratings history on SAIC, Inc. click here. For more ratings news on SAIC, Inc. click here.
Shares of SAIC, Inc. closed at $11.83 yesterday.
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