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Equities research analysts at FBR Capital Markets hoisted their price objective on shares of Orbital Sciences Corp (NYSE:ORB) from $35.00 to $42.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective suggests a potential upside of 47.11% from the stock’s previous close.

Shares of Orbital Sciences Corp (NYSE:ORB) traded down 1.48% on Wednesday, hitting $28.55. 874,781 shares of the company’s stock traded hands. Orbital Sciences Corp has a 52 week low of $17.03 and a 52 week high of $34.16. The stock’s 50-day moving average is $27.50 and its 200-day moving average is $25.22. The company has a market cap of $1.729 billion and a P/E ratio of 28.14.

Orbital Sciences Corp (NYSE:ORB) last released its earnings data on Thursday, April 17th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02. The company had revenue of $323.30 million for the quarter, compared to the consensus estimate of $345.30 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 3.4% 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.

Several other analysts have also recently commented on the stock. Analysts at Sidoti downgraded shares of Orbital Sciences Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday. Analysts at Zacks downgraded shares of Orbital Sciences Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, February 17th. They now have a $29.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.83.

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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