Aerojet Rocketdyne Holdings, Inc. (AJRD) Stock Rating Lowered by Jefferies Group LLC

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) was downgraded by investment analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $35.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s price target points to a potential upside of 7.23% from the company’s previous close.

Several other brokerages have also recently weighed in on AJRD. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research report on Wednesday, September 27th. Zacks Investment Research cut shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 23rd. Finally, CL King raised shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.67.

Shares of Aerojet Rocketdyne Holdings (NYSE AJRD) opened at 32.64 on Monday. Aerojet Rocketdyne Holdings has a one year low of $16.04 and a one year high of $36.25. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 63.26 and a beta of 1.50. The firm has a 50-day moving average of $32.58 and a 200 day moving average of $25.54.

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

ILLEGAL ACTIVITY NOTICE: This piece was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/2981842/aerojet-rocketdyne-holdings-inc-ajrd-stock-rating-lowered-by-jefferies-group-llc.html.

A number of large investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in Aerojet Rocketdyne Holdings by 0.4% during the second quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 35 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Aerojet Rocketdyne Holdings by 0.7% in the second quarter. Pinebridge Investments L.P. now owns 9,824 shares of the aerospace company’s stock worth $204,000 after buying an additional 67 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Aerojet Rocketdyne Holdings by 0.5% in the second quarter. Texas Permanent School Fund now owns 54,440 shares of the aerospace company’s stock worth $1,132,000 after buying an additional 285 shares during the last quarter. Malaga Cove Capital LLC raised its holdings in shares of Aerojet Rocketdyne Holdings by 0.3% in the second quarter. Malaga Cove Capital LLC now owns 118,351 shares of the aerospace company’s stock worth $2,474,000 after buying an additional 315 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Aerojet Rocketdyne Holdings by 1.2% in the second quarter. HighTower Advisors LLC now owns 64,970 shares of the aerospace company’s stock worth $1,343,000 after buying an additional 759 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

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.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.