Loop Capital Increases Mantech International (MANT) Price Target to $57.00

Mantech International (NASDAQ:MANT) had its price target boosted by equities research analysts at Loop Capital to $57.00 in a research note issued to investors on Tuesday. Loop Capital’s price objective would indicate a potential upside of 11.85% from the company’s previous close.

A number of other brokerages also recently weighed in on MANT. Cowen reissued a “buy” rating and set a $54.00 target price on shares of Mantech International in a research note on Thursday, November 30th. Maxim Group lifted their target price on shares of Mantech International from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Company lifted their price target on shares of Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Mantech International from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, September 29th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Mantech International presently has an average rating of “Hold” and a consensus target price of $46.14.

Mantech International (MANT) opened at $50.96 on Tuesday. Mantech International has a 52 week low of $33.50 and a 52 week high of $53.29. The firm has a market cap of $2,015.94, a price-to-earnings ratio of 33.79, a P/E/G ratio of 4.14 and a beta of 0.97.

Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business had revenue of $422.70 million during the quarter, compared to the consensus estimate of $427.44 million. During the same quarter last year, the firm earned $0.38 earnings per share. Mantech International’s quarterly revenue was up 1.8% on a year-over-year basis. equities analysts anticipate that Mantech International will post 1.56 earnings per share for the current fiscal year.

In other Mantech International news, Director Mary K. Bush sold 1,000 shares of Mantech International stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the sale, the director now directly owns 7,540 shares of the company’s stock, valued at $380,393. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth A. Minihan sold 3,000 shares of Mantech International stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $48.66, for a total transaction of $145,980.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at $632,580. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,500 shares of company stock valued at $3,206,080. Insiders own 35.06% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC grew its holdings in shares of Mantech International by 1.6% during the first quarter. Teachers Advisors LLC now owns 39,964 shares of the technology company’s stock valued at $1,384,000 after buying an additional 628 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Mantech International by 5.1% during the first quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock valued at $742,000 after buying an additional 1,033 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Mantech International by 2.8% during the second quarter. Aperio Group LLC now owns 11,843 shares of the technology company’s stock valued at $490,000 after buying an additional 317 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Mantech International by 2.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,190 shares of the technology company’s stock valued at $381,000 after buying an additional 240 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Mantech International by 3.9% during the second quarter. Great West Life Assurance Co. Can now owns 37,720 shares of the technology company’s stock valued at $1,560,000 after buying an additional 1,400 shares during the last quarter. 63.24% of the stock is owned by hedge funds and other institutional investors.

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Mantech International Company Profile

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

Analyst Recommendations for Mantech International (NASDAQ:MANT)

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