Alliant Techsystems Given New $160.00 Price Target at Credit Suisse (ATK)
Credit Suisse boosted their target price on shares of Alliant Techsystems (NYSE:ATK) from $148.00 to $160.00 in a research note issued on Friday, Analyst Ratings Net reports. Credit Suisse’s price objective would indicate a potential upside of 11.34% from the stock’s previous close.
A number of other analysts have also recently weighed in on ATK. Analysts at FBR Capital Markets raised their price target on shares of Alliant Techsystems from $115.00 to $145.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group raised their price target on shares of Alliant Techsystems from $130.00 to $147.00 in a research note to investors on Friday. Finally, analysts at RBC Capital raised their price target on shares of Alliant Techsystems from $148.00 to $160.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Alliant Techsystems currently has a consensus rating of “Buy” and an average target price of $136.09.
Shares of Alliant Techsystems (NYSE:ATK) opened at 143.70 on Friday. 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 released its 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. Shareholders 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 positive change 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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