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PRSP

Perspecta

$18.69

0.25 (1.36%)

06:17
01/09/19
01/09
06:17
01/09/19
06:17

Perspecta trending toward mid-high end of FY19 guidance, says Loop Capital

Loop Capital analyst Joseph Vafi kept his Hold rating and $19 price target on Perspecta, but states that his two days of meetings with its management left him more confident about its DXC-Vencore spin/merger implemented last year. The analyst sees the company's financial performance trending toward the mid-high end of the FY19 guidance range as a result of growing revenue momentum and benefits from cost savings efforts.

PRSP Perspecta
$18.69

0.25 (1.36%)

10/16/18
STFL
10/16/18
INITIATION
Target $35
STFL
Buy
Perspecta initiated with a Buy at Stifel
Stifel analyst Joseph DeNardi initiated Perspecta with a Buy rating and $35 price target, stating that he considers the shares undervalued and believes the current environment for federal government services is conducive for the company to maintain margins and retain key contracts.
11/15/18
LOOP
11/15/18
NO CHANGE
Target $23
LOOP
Hold
Perspecta performed well again but outlook still muted, says Loop Capital
Loop Capital analyst Joseph Vafi kept his Hold rating and $23 price target on Perspecta after its Q2 results, saying the company has performed well for the 2nd quarter as a stand-alone public company. The analyst notes that its 2.3-times book-to-bill was much-improved from last year, even though the quarter was helped by seasonal bookings strength. Vafi is also positive on "two material extensions on the large NGEN contract" that ensure revenue on this deal through mid 2020. The analyst keeps a Hold rating on the shares however, stating that while Perspecta's valuation at 9-times enterprise value to expected forward EBITDA marks a 2-turn discount to peers, its outlook is "somewhat muted", calling for more visibility in the momentum of the company's P&L.
12/24/18
LOOP
12/24/18
NO CHANGE
Target $19
LOOP
Hold
Perspecta price target lowered to $19 from $23 at Loop Capital
Loop Capital analyst Joseph Vafi lowered his price target on Perspecta to $19 ahead of his meetings with its CEO and CFO to reflect its "muted" near-term outlook with "flat to very low single-digit top-line growth". The analyst also believes that the stock likely "remains underfollowed" after its mid-2018 spin-out while offering industry-leading EBITDA margins and a strong book to bill performance. Vafi keeps his Hold rating on Perspecta but believes that its stock is potentially attractive "if the company can execute against its goals of better book:bill performance."
01/04/19
WELS
01/04/19
NO CHANGE
Target $30
WELS
Outperform
Wells Fargo favors Perspecta, Booz Allen, CACI in government services
In a research note on government services companies, Wells Fargo analyst Ed Caso tells investors that he continues to favor Booz Allen Hamilton (BAH), CACI International (CACI), Leidos (LDOS), Perspecta (PRSP) and ManTech (MANT) as the government continues its shutdown, though he says near-term outperfomance may be difficult despite being "defensive" names. Caso notes that this shutdown is different than the 16-day shutdown in October 2013, as this time about 75% of the government is funded, particularly Defense/Intel versus none in 2013. Though services providers fell into the 2013 shutdown, then recovered starting mid-event, this time, investor concern has weighed on the group for a few months now, which he believes has dampened the group's traditional defensive characteristics.

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TROX

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LKSD

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QUAD

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