Alliant Techsystems Receives BB+ Credit Rating (ATK)
Alliant Techsystems (NYSE:ATK) has received a “BB+” credit rating from analysts at Morningstar. The credit rating agency’s “BB+” rating suggests that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a zero star rating.
A number of other analysts have also recently weighed in on ATK. 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. 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $155.44.
Alliant Techsystems (NYSE:ATK) traded down 0.67% during mid-day trading on Monday, hitting $126.00. 189,908 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 $129.9 and a 200-day moving average of $135.2. The company has a market cap of $4.024 billion and a price-to-earnings ratio of 11.79.
Alliant Techsystems (NYSE:ATK) last released its earnings data 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 $11.71 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 1.02%. 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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