Orbital ATK (OA) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Orbital ATK (NYSE:OA) from a hold rating to a buy rating in a research report sent to investors on Sunday, December 31st.

Several other brokerages also recently commented on OA. Zacks Investment Research upgraded shares of Orbital ATK from a hold rating to a buy rating and set a $148.00 price objective on the stock in a research report on Monday, November 27th. Stifel Nicolaus restated a buy rating on shares of Orbital ATK in a research report on Thursday, September 21st. TheStreet downgraded shares of Orbital ATK from a b rating to a c rating in a research report on Wednesday, December 27th. Jefferies Group downgraded shares of Orbital ATK from a buy rating to a hold rating and lifted their price target for the company from $122.00 to $134.50 in a report on Thursday, October 5th. Finally, Cowen reiterated a hold rating and issued a $134.50 price target on shares of Orbital ATK in a report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $123.56.

Shares of Orbital ATK (OA) traded down $0.46 during mid-day trading on Friday, reaching $132.14. 477,200 shares of the company traded hands, compared to its average volume of 325,686. The stock has a market capitalization of $7,620.00, a PE ratio of 24.47, a P/E/G ratio of 2.18 and a beta of 0.43. Orbital ATK has a 52 week low of $85.51 and a 52 week 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.

Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. analysts predict that Orbital ATK will post 6.25 EPS for the current year.

In related news, Director Harrison H. Schmitt sold 1,500 shares of Orbital ATK 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in OA. LSV Asset Management boosted its position in Orbital ATK by 5,651.1% in the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock valued at $138,590,000 after buying an additional 1,384,515 shares during the period. Magnetar Financial LLC boosted its position in Orbital ATK by 33,729.1% in the 3rd quarter. Magnetar Financial LLC now owns 825,091 shares of the aerospace company’s stock valued at $109,869,000 after buying an additional 822,652 shares during the period. Alpine Associates Management Inc. purchased a new stake in Orbital ATK in the 3rd quarter valued at about $83,861,000. JPMorgan Chase & Co. boosted its position in Orbital ATK by 96.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,733 shares of the aerospace company’s stock valued at $70,880,000 after buying an additional 262,372 shares during the period. Finally, Prudential Financial Inc. boosted its position in Orbital ATK by 231.8% in the 3rd quarter. Prudential Financial Inc. now owns 366,425 shares of the aerospace company’s stock valued at $48,793,000 after buying an additional 256,003 shares during the period. 85.75% of the stock is owned by institutional investors.

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Orbital ATK Company Profile

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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