Orbital Sciences Corp. Downgraded to “Neutral” at Zacks (ORB)
Orbital Sciences Corp. (NYSE:ORB) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a $29.30 target price on the stock. Zacks‘ target price suggests a potential upside of 3.64% from the stock’s previous close.
Shares of Orbital Sciences Corp. (NYSE:ORB) traded up 3.44% on Monday, hitting $28.27. 795,109 shares of the company’s stock traded hands. Orbital Sciences Corp. has a 52-week low of $14.30 and a 52-week high of $28.80. The stock has a 50-day moving average of $24.48 and a 200-day moving average of $22.03. The company has a market cap of $1.710 billion and a price-to-earnings ratio of 24.19.
Orbital Sciences Corp. (NYSE:ORB) last released its earnings data on Thursday, February 13th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. The company had revenue of $375.40 million for the quarter, compared to the consensus estimate of $397.40 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Orbital Sciences Corp. will post $1.16 earnings per share for the current fiscal year.
Orbital Sciences Corporation develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (NYSE:ORB), the National Aeronautics and Space Administration (NASA) and other United States Government agencies.
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