Alliant Techsystems Upgraded to Buy by Argus (ATK)
Alliant Techsystems (NYSE:ATK) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $139.00 price target on the stock. Argus’ price target points to a potential upside of 10.98% from the company’s current price.
Alliant Techsystems (NYSE:ATK) opened at 125.25 on Friday. Alliant Techsystems has a 52 week low of $63.41 and a 52 week high of $123.34. The stock’s 50-day moving average is $120.5 and its 200-day moving average is $103.6. The company has a market cap of $3.989 billion and a P/E ratio of 13.00.
Alliant Techsystems (NYSE:ATK) last released its earnings data 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. Analysts expect that Alliant Techsystems will post $9.38 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $129.09.
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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