Alliant Techsystems Given Consensus Recommendation of “Hold” by Brokerages (NYSE:ATK)
Alliant Techsystems (NYSE:ATK) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, Stock Ratings Network reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $150.18.
ATK has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Alliant Techsystems from $170.00 to $155.00 in a research note on Friday. Separately, 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. Finally, 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.
Shares of Alliant Techsystems (NYSE:ATK) traded down 1.73% on Monday, hitting $131.46. 41,597 shares of the company’s stock traded hands. 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 $4.198 billion and a price-to-earnings ratio of 12.43.
Alliant Techsystems (NYSE:ATK) last announced its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts predict that Alliant Techsystems will post $11.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors 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.
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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