Orbital Sciences Corp. Reaches New 12-Month High at $21.82 (ORB)
Orbital Sciences Corp. (NYSE:ORB)’s share price reached a new 52-week high during trading on Friday, American Banking News reports. The stock traded as high as $21.82 and last traded at $21.82, with a volume of 114,502 shares traded. The stock had previously closed at $21.59.
A number of analysts have recently weighed in on ORB shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Orbital Sciences Corp. (NYSE:ORB) in a research note to investors on Monday, September 16th. They now have a $27.00 price target on the stock, up previously from $24.00. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Orbital Sciences Corp. currently has a consensus rating of “Buy” and a consensus target price of $21.15.
In other Orbital Sciences Corp. news, VP Hollis Thompson sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $20.84, for a total value of $62,520.00. Following the completion of the transaction, the vice president now directly owns 32,378 shares in the company, valued at approximately $674,758. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Orbital Sciences Corp. has a one year low of $11.90 and a one year high of $21.87. The stock has a 50-day moving average of $19.4 and a 200-day moving average of $18.20. The company has a market cap of $1.310 billion and a P/E ratio of 18.77.
Orbital Sciences Corp. (NYSE:ORB) last posted its quarterly 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 previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter 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.
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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