Orbital Sciences Corp. Stock Rating Reaffirmed by Jefferies Group (ORB)
Orbital Sciences Corp. (NYSE:ORB)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Monday, American Banking and Market News reports. They currently have a $27.00 price target on the stock, up from their previous price target of $24.00. Jefferies Group’s price target would suggest a potential upside of 43.39% from the stock’s previous close.
Shares of Orbital Sciences Corp. (NYSE:ORB) opened at 18.83 on Monday. Orbital Sciences Corp. has a one year low of $11.90 and a one year high of $19.33. The stock has a 50-day moving average of $18.3 and a 200-day moving average of $17.56. The company has a market cap of $1.133 billion and a price-to-earnings ratio of 16.37.
Orbital Sciences Corp. (NYSE:ORB) last announced its earnings results on Thursday, July 18th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. Analysts expect that Orbital Sciences Corp. will post $1.12 EPS for the current fiscal year.
Separately, 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 research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.15.
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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