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Alliant Techsystems (NYSE:ATK) was downgraded by stock analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.

Shares of Alliant Techsystems (NYSE:ATK) opened at 135.47 on Monday. Alliant Techsystems has a 1-year low of $75.73 and a 1-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 $4.314 billion and a P/E ratio of 12.87.

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 $11.25 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.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Alliant Techsystems from $158.00 to $162.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Alliant Techsystems has an average rating of “Hold” and an average 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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