Alliant Techsystems Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:ATK)
Shares of Alliant Techsystems (NYSE:ATK) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, StockRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $150.90.
Shares of Alliant Techsystems (NYSE:ATK) opened at 123.17 on Monday. Alliant Techsystems has a one year low of $94.25 and a one year high of $158.13. The stock’s 50-day moving average is $132.7 and its 200-day moving average is $135.9. The company has a market cap of $3.933 billion and a price-to-earnings ratio of 11.66.
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 $11.65 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 1.04%. The ex-dividend date is Friday, August 29th.
A number of analysts have recently weighed in on ATK shares. 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, August 1st. 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, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Alliant Techsystems from $162.00 to $150.00 in a research note on Thursday, May 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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