Important positive changes in fundamentals have recently occurred for Science Applications Internation (NYSE: SAIC): the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Science Applications Internation (NYSE: SAIC) has recently enjoyed significant positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SAIC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Science Applications Internation has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Science Applications Internation has a slightly negative Appreciation Score of 32 but a good Power Rating of 83, triggering the Neutral Value Trend Rating.
Recent Price Action
On 1/3/24, Science Applications Internation (NYSE: SAIC) stock declined slightly by -1.0%, closing at $123.37. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
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