Several brokerages have updated their recommendations and price targets on shares of Aerojet Rocketdyne Holdings (NYSE: AJRD) in the last few weeks:

  • 10/4/2017 – Aerojet Rocketdyne Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Aerojet Rocketdyne Holdings, Inc. focuses on developing military, civil and commercial systems and components for the aerospace and defense industry markets. Aerojet Rocketdyne Holdings, Inc., formerly known as GenCorp, Inc., is headquartered in Sacramento, California. “
  • 9/27/2017 – Aerojet Rocketdyne Holdings had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 9/23/2017 – Aerojet Rocketdyne Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/22/2017 – Aerojet Rocketdyne Holdings was upgraded by analysts at CL King from a “neutral” rating to a “buy” rating.
  • 9/13/2017 – Aerojet Rocketdyne Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/24/2017 – Aerojet Rocketdyne Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/8/2017 – Aerojet Rocketdyne Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $31.00 price target on the stock. According to Zacks, “Aerojet Rocketdyne Holdings, Inc. focuses on developing military, civil and commercial systems and components for the aerospace and defense industry markets. Aerojet Rocketdyne Holdings, Inc., formerly known as GenCorp, Inc., is headquartered in Sacramento, California. “

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) traded up 0.52% during trading on Friday, reaching $35.02. 323,565 shares of the company’s stock were exchanged. The company’s 50-day moving average is $30.54 and its 200 day moving average is $24.32. The stock has a market capitalization of $2.63 billion, a PE ratio of 67.87 and a beta of 1.50. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $16.04 and a 52 week high of $36.25.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The firm had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. Aerojet Rocketdyne Holdings’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post $0.90 earnings per share for the current year.

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

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