Monness Crespi & Hardt Increases Alliant Techsystems Price Target to $120.00 (ATK)
Monness Crespi & Hardt upped their price target on shares of Alliant Techsystems (NYSE:ATK) from $104.00 to $120.00 in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective points to a potential upside of 12.12% from the stock’s previous close.
ATK has been the subject of a number of other recent research reports. Analysts at Cowen and Company upgraded shares of Alliant Techsystems from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at RBC Capital upgraded shares of Alliant Techsystems from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $122.00 price target on the stock, up previously from $109.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alliant Techsystems in a research note to investors on Monday, October 14th. They now have a $115.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.55.
Shares of Alliant Techsystems (NYSE:ATK) traded up 1.20% during mid-day trading on Wednesday, hitting $108.31. The stock had a trading volume of 96,445 shares. Alliant Techsystems has a 1-year low of $48.00 and a 1-year high of $101.24. The stock’s 50-day moving average is $97.45 and its 200-day moving average is $81.60. The company has a market cap of $3.469 billion and a price-to-earnings ratio of 12.71.
Alliant Techsystems (NYSE:ATK) last announced its earnings results on Thursday, August 1st. The company reported $2.24 earnings per share (EPS) for the quarter, beating the 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 $8.75 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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