Summary
- ManTech holds little debt. Earnings grew 46% over the past year. It is worthy of a buy recommendation at the current price of ~$66.50.
- ManTech is repositioning its focus more decidedly thrusting into defense technology at a time of international cybersecurity attacks and tensions.
- MANT is a financially solid company in an essential industry with great growth opportunities, healthy assets, and manageable liabilities.
A Reasonable Price To Pay
The share price of ManTech International (MANT) pulled back recently to ~$66.50 in the months following good Q'1 numbers. The company holds little debt. Earnings grew 46% over the past year. It is worthy of a buy recommendation at this price for an investor wanting to add a healthy, reasonably priced, cybersecurity stock to the portfolio.
Other analysts (eight writing consecutively at Seeking Alpha), confidently, are bullish on MANT. Several writers recommended it a buy when the price was nearly ten dollars higher than today. I saw the company's potential when the price was half of what it sells for currently. We watched it steadily climb during the past two years topping $93. Two months ago, Motley Fool listed MANT among its "3 Top Defense Stocks to Buy Right Now." Share price then was bouncing between $66 and $71. The analyst described the company as "a growth machine" with one of the best balance sheets in the defense sector.
Nevertheless, analysts' confidence has not been infectious. MANT is not stock with celebrity status, so its momentum is sluggish languishing under the radar of Wall Street. But that contributes to its attractiveness for retail investors at this price. ManTech is scheduled to report Q'2 FY'20 earnings on July 29.
