Analysts’ Weekly Ratings Changes for Orbital ATK (OA)

Orbital ATK (NYSE: OA) has recently received a number of price target changes and ratings updates:

  • 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.
  • 7/31/2017 – Orbital ATK was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $115.00 price target on the stock. According to Zacks, “Year to date shares of Orbital ATK have outperformed the Zacks categorized broader industry. 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.”
  • 7/31/2017 – Orbital ATK was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Orbital ATK was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. Shares of Orbital ATK have outperformed the Zacks categorized Aerospace-Defense Equipment industry over the last six months. However, Orbital ATK’s reliance on third parties for raw materials, increasing cost of raw materials and supply disruptions could have an adverse impact on its results. Moreover Orbital ATK is vulnerable to market risks from changes in foreign currency.”
  • 7/11/2017 – Orbital ATK was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Orbital ATK have underperformed the Zacks categorized Aerospace-Defense Equipment industry over the last three months. Orbital ATK’s reliance on third parties for raw materials, increasing cost of raw materials and supply disruptions can adversely impact its results. Orbital ATK is highly vulnerable to market risks from changes in foreign currency exchange rates which negatively impactits profitability. Currency fluctuations may impact product demand and the prices Orbital ATK pays for the materials. However, Orbital ATK’s diverse product offering and its involvement in major development and production programs will continue to swell its order book.”
  • 7/8/2017 – Orbital ATK was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Orbital ATK, Inc. (NYSE:OA) opened at 105.84 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 22.03 and a beta of -0.31. The stock’s 50 day moving average price is $101.93 and its 200 day moving average price is $97.67. Orbital ATK, Inc. has a 12 month low of $71.52 and a 12 month high of $107.45.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.35 earnings per share. On average, analysts forecast that Orbital ATK, Inc. will post $6.16 earnings per share for the current year.

In other news, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christine Ann Wolf sold 5,039 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total transaction of $511,660.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,674 shares of company stock valued at $1,722,611. Company insiders own 1.20% of the company’s stock.

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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