Orbital ATK (NYSE:OA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.
Several other research analysts have also recently issued reports on OA. Credit Suisse Group cut Orbital ATK from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. TheStreet cut Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research report on Thursday, September 21st. Finally, SunTrust Banks cut Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a research report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $123.56.
Orbital ATK (NYSE OA) opened at $131.50 on Friday. The stock has a market capitalization of $7,585.71, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.34 and a beta of -0.23. 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 has a 52-week low of $85.51 and a 52-week high of $134.59.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. Orbital ATK’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share. equities analysts expect that Orbital ATK will post 6.25 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. LMR Partners LLP acquired a new stake in shares of Orbital ATK during the third quarter valued at $201,000. Cadence Capital Management LLC acquired a new stake in shares of Orbital ATK during the third quarter valued at $204,000. ETF Managers Group LLC acquired a new stake in shares of Orbital ATK during the second quarter valued at $228,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Orbital ATK by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock valued at $235,000 after acquiring an additional 187 shares during the last quarter. Finally, HL Financial Services LLC acquired a new stake in shares of Orbital ATK during the third quarter valued at $238,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
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Orbital ATK Company Profile
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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