Alliant Techsystems PT Raised to $146.00 (ATK)
Equities researchers at UBS AG boosted their price target on shares of Alliant Techsystems (NYSE:ATK) from $130.00 to $146.00 in a research report issued on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would indicate a potential upside of 21.22% from the stock’s previous close.
Alliant Techsystems (NYSE:ATK) traded down 0.37% on Monday, hitting $119.99. 64,456 shares of the company’s stock traded hands. Alliant Techsystems has a 52-week low of $62.30 and a 52-week high of $123.34. The stock has a 50-day moving average of $120.1 and a 200-day moving average of $102.5. The company has a market cap of $3.821 billion and a price-to-earnings ratio of 12.98.
Alliant Techsystems (NYSE:ATK) last announced its earnings results on Thursday, November 7th. The company reported $2.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.22 by $0.64. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $1.86 earnings per share. Alliant Techsystems’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Alliant Techsystems will post $9.38 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ATK. Analysts at Monness Crespi & Hardt raised their price target on shares of Alliant Techsystems from $120.00 to $140.00 in a research note to investors on Monday, December 9th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Alliant Techsystems from $134.00 to $142.00 in a research note to investors on Wednesday, December 4th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Alliant Techsystems from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 18th. They now have a $140.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Alliant Techsystems presently has a consensus rating of “Buy” and a consensus target price of $128.10.
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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