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RBC Capital cut their price target on shares of Alliant Techsystems (NYSE:ATK) from $170.00 to $155.00 in a research note issued on Friday. RBC Capital’s price objective indicates a potential upside of 15.87% from the company’s current price.

Alliant Techsystems (NYSE:ATK) traded up 2.96% during mid-day trading on Friday, hitting $133.77. The stock had a trading volume of 489,667 shares. Alliant Techsystems has a 52 week low of $94.25 and a 52 week 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 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.24 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Alliant Techsystems will post $11.45 earnings per share for the current fiscal year.

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

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Alliant Techsystems from $150.00 to $158.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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