Orbital ATK (NYSE:OA)‘s stock had its “hold” rating reiterated by Cowen in a note issued to investors on Wednesday, November 22nd. They currently have a $134.50 price objective on the aerospace company’s stock. Cowen’s price target would indicate a potential upside of 1.78% from the company’s current price.
A number of other brokerages also recently issued reports on OA. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Tuesday, October 3rd. Wells Fargo & Company downgraded shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, Jefferies Group downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating and raised their price target for the company from $122.00 to $134.50 in a research note on Thursday, October 5th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $123.56.
Orbital ATK (OA) opened at $132.15 on Wednesday. The firm has a market cap of $7,642.82, a PE ratio of 22.84, a PEG ratio of 2.37 and a beta of -0.24. Orbital ATK has a 1 year low of $82.44 and a 1 year high of $134.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.19. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $1.15 earnings per share. Orbital ATK’s revenue for the quarter was up 16.6% compared to the same quarter last year. sell-side analysts predict that Orbital ATK will post 6.22 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its holdings in Orbital ATK by 51.2% during the 1st quarter. Teachers Advisors LLC now owns 93,403 shares of the aerospace company’s stock worth $9,153,000 after purchasing an additional 31,625 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Orbital ATK by 4.0% in the 2nd quarter. Capstone Asset Management Co. now owns 3,371 shares of the aerospace company’s stock valued at $332,000 after acquiring an additional 130 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Orbital ATK by 0.6% in the 2nd quarter. Bank of Montreal Can now owns 2,651 shares of the aerospace company’s stock valued at $261,000 after acquiring an additional 15 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Orbital ATK in the 2nd quarter valued at $128,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Orbital ATK by 4.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,401 shares of the aerospace company’s stock valued at $2,105,000 after acquiring an additional 849 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.
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About Orbital ATK
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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