Several brokerages have updated their recommendations and price targets on shares of Orbital ATK (NYSE: OA) in the last few weeks:

  • 10/3/2017 – Orbital ATK was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Shares of Orbital ATK have outperformed the industry in the last 12 months. Orbital ATK’s diverse product offering and its involvement in major development and production programs will continue to swell its order book. Orbital ATK’s ongoing R&D work will assist it to churn new products and further expand its defense and commercial market penetration. However, intense competition in the defense space, risk involved in operation, dependence on government budgets and fluctuations in currencies are potential growth deterrents.”
  • 10/2/2017 – Orbital ATK was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/21/2017 – Orbital ATK had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 9/19/2017 – Orbital ATK was downgraded by analysts at CL King from a “buy” rating to a “neutral” rating.
  • 9/19/2017 – Orbital ATK was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • 9/19/2017 – Orbital ATK was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $106.00 price target on the stock.
  • 9/19/2017 – Orbital ATK was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $134.50 price target on the stock, up previously from $120.00.
  • 9/19/2017 – Orbital ATK had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $134.50 price target on the stock.
  • 9/1/2017 – Orbital ATK was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/28/2017 – Orbital ATK was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 8/14/2017 – Orbital ATK was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock, up previously from $106.58. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/4/2017 – Orbital ATK had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $122.00 price target on the stock, up previously from $115.00.
  • 8/4/2017 – Orbital ATK had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.

Orbital ATK, Inc. (OA) traded up 0.40% during trading on Tuesday, hitting $134.12. 986,553 shares of the stock were exchanged. The stock has a market cap of $7.73 billion, a P/E ratio of 27.92 and a beta of -0.31. The stock’s 50 day moving average price is $115.83 and its 200 day moving average price is $103.98. Orbital ATK, Inc. has a 12 month low of $71.52 and a 12 month high of $134.12.

Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts forecast that Orbital ATK, Inc. will post $6.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, September 1st.

In related news, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,002 shares of company stock valued at $316,492 over the last ninety days. 1.20% of the stock is owned by company insiders.

Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

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