Orbital Sciences Corp. Reaches New 12-Month High at $19.55 (ORB)
Orbital Sciences Corp. (NYSE:ORB)’s share price reached a new 52-week high during trading hours on Monday, Stock Ratings Network reports. The company traded as high as $19.55 and last traded at $19.55, with a volume of 235,237 shares traded. The stock had previously closed at $18.83.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Orbital Sciences Corp. (NYSE:ORB) in a research note to investors on Monday. They now have a $27.00 price target on the stock, up previously from $24.00. Finally, analysts at Zacks downgraded shares of Orbital Sciences Corp. (NYSE:ORB) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $19.60 price target on the stock.
One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.15.
Orbital Sciences Corp. has a 52-week low of $11.90 and a 52-week high of $20.14. The stock has a 50-day moving average of $18.41 and a 200-day moving average of $17.62. The company has a market cap of $1.210 billion and a price-to-earnings ratio of 16.37.
Orbital Sciences Corp. (NYSE:ORB) last released its earnings data on Thursday, July 18th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $333.10 million for the quarter, compared to the consensus estimate of $358.34 million. During the same quarter last year, the company posted $0.25 earnings per share. Orbital Sciences Corp.’s revenue was down 10.3% compared to the same quarter last year. Analysts expect that Orbital Sciences Corp. will post $1.12 EPS for the current fiscal year.
Orbital Sciences Corporation develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (NYSE:ORB), the National Aeronautics and Space Administration (NASA) and other United States Government agencies.
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