BB&T Capital Downgrades Science Applications International Corp to Hold

Brokerage firm BB&T Capital Downgrades its rating on Science Applications International Corp(NYSE:SAIC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by BB&T Capital was issued on Jun 13, 2016.

In a different note, On Jun 8, 2016, Citigroup said it Maintains its rating on Science Applications International Corp. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm.

Science Applications International Corp (SAIC) shares turned negative on Fridays trading session with the shares closing down -0.98 points or -1.72% at a volume of 5,41,327. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.3. The peak price level was also seen at $57.3 while the days lowest was $55.838. Finally the shares closed at $56.12. The 52-week high of the shares is $61.93 while the 52-week low is $39.28. According to the latest information available, the market cap of the company is $2,516 M.

Science Applications International Corp(SAIC) last announced its earnings results on Jun 13, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $1.22B. Analysts had an estimated revenue of $1.15B. Earnings per share were $0.80. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Apr 14, 2016, John Robert Hartley (Chief Financial Officer) sold 23,000 shares at $51.99 per share price.Also, On Sep 3, 2015, Anthony J Moraco (CEO) purchased 350 shares at $43.00 per share price.On Sep 3, 2015, Robert A Bedingfield (director) purchased 1,000 shares at $43.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Science Applications International Corporation (SAIC) is a technology integrator. The Company provides life cycle services and solutions in the technical engineering intelligence and enterprise information technology (IT) markets. It provides services to the United States Government including the Department of Defense (DoD) and federal civilian agencies. It provides systems engineering and integration services for projects and offers services with an emphasis on differentiated technology services. SAIC offers products to four branches of the United States military; United States Defense Logistics Agency; National Aeronautics and Space Administration; United States Department of State and United States Department of Homeland Security. SAIC’s offerings include engineering and maintenance of ground and maritime systems logistics training and simulation and services spanning the design development integration deployment management and operations sustainment and security.

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