Mantech International Corp (MANT) is Downgraded by Maxim Group to Hold, Price Target at $44

Mantech International Corp (MANT) was Downgraded by Maxim Group to ” Hold” and the brokerage firm has set the Price Target at $44. Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on Mantech International Corp. Mantech International Corp was Initiated by Drexel Hamilton to “Hold” on Nov 16, 2016. Mantech International Corp was Downgraded by Credit Suisse to ” Underperform” on Sep 29, 2016.

On the company’s financial health, Mantech International Corp reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $415.40 million for the quarter, compared to analysts expectations of $405.90 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Mantech International Corp opened for trading at $44.5 and hit $44.98 on the upside on Tuesday, eventually ending the session at $44.83, with a gain of 0.74% or 0.33 points. The heightened volatility saw the trading volume jump to 1,01,268 shares. Company has a market cap of $1,728 M.

In a different news, on Nov 25, 2016, Richard J Kerr (director) sold 600 shares at $43.07 per share price. According to the SEC, on Nov 15, 2016, Judith L Bjornaas (Executive Vice President & CFO) sold 10,000 shares at $42.98 per share price. On Nov 15, 2016, Daniel J Keefe (Business Group President) sold 12,500 shares at $42.66 per share price, according to the Form-4 filing with the securities and exchange commission.

ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers. It supports national security programs for around 50 federal agencies through over 1100 contracts. Its solutions and services include cyber; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation; command control communications computers intelligence surveillance and reconnaissance; training; global logistics and supply chain management and management consulting. It offers services to the Unites States Government intelligence military space and civilian agencies and commercial customers among others.

Mantech International Corp

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