Alliant Techsystems Stock Rating Reaffirmed by JPMorgan Chase & Co. (ATK)
Alliant Techsystems (NYSE:ATK)‘s stock had its “buy” rating restated by JPMorgan Chase & Co. in a research note issued on Monday, AnalystRatings.Net reports. They currently have a $115.00 price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 13.24% from the company’s current price.
A number of other firms have also recently commented on ATK. Analysts at Barclays Capital raised their price target on shares of Alliant Techsystems from $90.00 to $95.00 in a research note to investors on Monday. They now have an “underweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Alliant Techsystems from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $102.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Alliant Techsystems from $104.00 to $111.00 in a research note to investors on Friday, September 6th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $99.91.
Alliant Techsystems (NYSE:ATK) traded up 0.40% during mid-day trading on Monday, hitting $101.55. 277,030 shares of the company’s stock traded hands. Alliant Techsystems has a 52-week low of $52.91 and a 52-week high of $103.77. The stock’s 50-day moving average is $97.80 and its 200-day moving average is $85.85. The company has a market cap of $3.252 billion and a P/E ratio of 12.02.
Alliant Techsystems (NYSE:ATK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.93 by $0.31. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $2.16 earnings per share. Alliant Techsystems’s revenue was down .3% compared to the same quarter last year. Analysts expect that Alliant Techsystems will post $8.80 EPS for the current fiscal year.
Alliant Techsystems Inc (NYSE:ATK), is an aerospace, defense, and commercial products company that operates in 22 states, Puerto Rico, and internationally.
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