Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Aerojet Rocketdyne Holdings’ rating score has declined by 16.7% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a one year consensus target price of $36.67 for the company and are anticipating that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aerojet Rocketdyne Holdings an industry rank of 190 out of 265 based on the ratings given to related companies.

Several equities analysts have recently weighed in on the company. BidaskClub raised Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. SunTrust Banks, Inc. restated a “buy” rating and set a $40.00 price objective on shares of Aerojet Rocketdyne Holdings in a report on Friday. CL King upgraded Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, August 8th. Finally, Jefferies Group LLC cut Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a report on Monday, October 23rd.

Shares of Aerojet Rocketdyne Holdings (NYSE AJRD) traded down $2.87 on Friday, reaching $27.97. 3,022,643 shares of the company traded hands, compared to its average volume of 988,672. The company has a market cap of $2.41 billion, a P/E ratio of 33.14, a PEG ratio of 6.77 and a beta of 1.43. The company has a quick ratio of 1.40, a current ratio of 1.70 and a debt-to-equity ratio of 4.83. Aerojet Rocketdyne Holdings has a 12-month low of $16.14 and a 12-month high of $36.25.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. Aerojet Rocketdyne Holdings had a net margin of 2.00% and a return on equity of 153.06%. Aerojet Rocketdyne Holdings’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts forecast that Aerojet Rocketdyne Holdings will post 0.86 EPS for the current year.

WARNING: “Zacks: Aerojet Rocketdyne Holdings, Inc. (AJRD) Given Consensus Rating of “Buy” by Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/04/zacks-aerojet-rocketdyne-holdings-inc-ajrd-given-consensus-rating-of-buy-by-brokerages.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Aerojet Rocketdyne Holdings by 6.8% during the 2nd quarter. BlackRock Inc. now owns 10,372,466 shares of the aerospace company’s stock valued at $215,747,000 after acquiring an additional 659,778 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Aerojet Rocketdyne Holdings by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after buying an additional 246,605 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Aerojet Rocketdyne Holdings by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock worth $45,434,000 after buying an additional 121,334 shares during the period. State Street Corp lifted its holdings in shares of Aerojet Rocketdyne Holdings by 25.4% in the 2nd quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock worth $44,504,000 after buying an additional 433,398 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Aerojet Rocketdyne Holdings by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,809,895 shares of the aerospace company’s stock worth $37,646,000 after buying an additional 51,600 shares during the period. Institutional investors own 93.27% of the company’s stock.

Aerojet Rocketdyne Holdings Company Profile

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.

Get a free copy of the Zacks research report on Aerojet Rocketdyne Holdings (AJRD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aerojet Rocketdyne Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.