Alliant Techsystems Inc. Reaches New 12-Month High at $124.14 (ATK)
Alliant Techsystems (NYSE:ATK)’s share price reached a new 52-week high during trading on Thursday, ARN reports. The stock traded as high as $124.14 and last traded at $123.89, with a volume of 202,583 shares traded. The stock had previously closed at $120.56.
A number of analysts have recently weighed in on ATK shares. Analysts at UBS AG raised their price target on shares of Alliant Techsystems from $130.00 to $146.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $128.10.
Alliant Techsystems has a 52 week low of $63.41 and a 52 week high of $123.34. The stock has a 50-day moving average of $120.5 and a 200-day moving average of $103.6. The company has a market cap of $3.989 billion and a price-to-earnings ratio of 13.00.
Alliant Techsystems (NYSE:ATK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.86 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Alliant Techsystems will post $9.38 earnings per share 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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