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Research analysts at JPMorgan Chase & Co. lifted their price target on shares of Alliant Techsystems (NYSE:ATK) from $150.00 to $158.00 in a report released on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 18.11% from the company’s current price.

Alliant Techsystems (NYSE:ATK) traded up 2.96% on Friday, hitting $133.77. 489,667 shares of the company’s stock traded hands. Alliant Techsystems has a 1-year low of $94.25 and a 1-year high of $158.13. The stock has a 50-day moving average of $133.8 and a 200-day moving average of $136.0. The company has a market cap of $4.262 billion and a price-to-earnings ratio of 12.47.

Alliant Techsystems (NYSE:ATK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.44 by $0.42. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $2.24 earnings per share. Alliant Techsystems’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Alliant Techsystems will post $11.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 29th.

A number of other analysts have also recently weighed in on ATK. Analysts at Zacks downgraded shares of Alliant Techsystems from an “outperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $143.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt downgraded shares of Alliant Techsystems from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, analysts at Goldman Sachs downgraded shares of Alliant Techsystems from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $146.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alliant Techsystems currently has an average rating of “Hold” and an average target price of $150.18.

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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