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JPMorgan Chase & Co. raised their target price on shares of Alliant Techsystems (NYSE:ATK) from $158.00 to $162.00 in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 19.58% from the company’s current price.

Shares of Alliant Techsystems (NYSE:ATK) traded up 1.03% on Friday, hitting $135.47. The stock had a trading volume of 496,107 shares. Alliant Techsystems has a one year low of $75.73 and a one year high of $158.13. The stock’s 50-day moving average is $142.9 and its 200-day moving average is $130.8. The company has a market cap of $4.311 billion and a P/E ratio of 13.70.

Alliant Techsystems (NYSE:ATK) last announced its earnings results on Thursday, May 15th. The company reported $2.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.40 by $0.50. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts predict that Alliant Techsystems will post $11.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, May 29th.

A number of other firms have also recently commented on ATK. Analysts at Zacks reiterated an “outperform” rating on shares of Alliant Techsystems in a research note on Friday. They now have a $161.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Alliant Techsystems from $165.00 to $178.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Alliant Techsystems in a research note on Wednesday, April 30th. They now have a $160.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $154.55.

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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