Alliant Techsystems Price Target Raised to $160.00 at RBC Capital (ATK)
Analysts at RBC Capital increased their target price on shares of Alliant Techsystems (NYSE:ATK) from $148.00 to $160.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 11.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Argus upgraded shares of Alliant Techsystems from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 10th. They now have a $139.00 price target on the stock, up previously from $125.25. Separately, 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, January 6th. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $132.27.
Alliant Techsystems (NYSE:ATK) traded up 5.17% on Friday, hitting $143.70. The stock had a trading volume of 688,398 shares. Alliant Techsystems has a 52 week low of $63.41 and a 52 week high of $143.80. The stock has a 50-day moving average of $125.8 and a 200-day moving average of $108.7. The company has a market cap of $4.576 billion and a price-to-earnings ratio of 14.73.
Alliant Techsystems (NYSE:ATK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.87. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts predict that Alliant Techsystems will post $9.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, February 28th. This is a boost from Alliant Techsystems’s previous quarterly dividend of $0.26.
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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