Orbital ATK (OA) Stock Rating Upgraded by ValuEngine

Orbital ATK (NYSE:OA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a report on Wednesday, January 10th. Credit Suisse Group cut shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Jefferies Group cut shares of Orbital ATK from a “buy” rating to a “hold” rating and upped their target price for the company from $122.00 to $134.50 in a report on Thursday, October 5th. Cowen reaffirmed a “hold” rating and issued a $134.50 target price on shares of Orbital ATK in a report on Wednesday, November 22nd. Finally, Wells Fargo & Co cut shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $123.56.

Shares of Orbital ATK (NYSE:OA) traded down $0.14 during trading hours on Friday, hitting $131.86. 402,458 shares of the stock were exchanged, compared to its average volume of 384,487. Orbital ATK has a 1-year low of $87.08 and a 1-year high of $134.59. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7,606.48, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.18 and a beta of -0.27.

Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. equities research analysts forecast that Orbital ATK will post 6.29 earnings per share for the current fiscal year.

In other news, Director Harrison H. Schmitt sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total transaction of $197,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently modified their holdings of OA. Cerebellum GP LLC acquired a new position in Orbital ATK during the fourth quarter worth about $127,000. Front Row Advisors LLC acquired a new position in Orbital ATK during the fourth quarter worth about $132,000. LMR Partners LLP acquired a new position in Orbital ATK during the third quarter worth about $201,000. Cadence Capital Management LLC acquired a new position in Orbital ATK during the third quarter worth about $204,000. Finally, ETF Managers Group LLC acquired a new position in Orbital ATK during the second quarter worth about $228,000. Institutional investors and hedge funds own 85.79% of the company’s stock.

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About Orbital ATK

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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