Orbital ATK, Inc. (OA) Receives “Hold” Rating from Cowen Inc
Cowen Inc reiterated their hold rating on shares of Orbital ATK, Inc. (NYSE:OA) in a report released on Wednesday morning. The brokerage currently has a $134.50 target price on the aerospace company’s stock.
OA has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a buy rating and issued a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Zacks Investment Research raised Orbital ATK from a hold rating to a buy rating and set a $115.00 price target for the company in a research note on Monday, July 31st. Stifel Nicolaus reaffirmed a buy rating on shares of Orbital ATK in a research note on Friday, August 4th. TheStreet raised Orbital ATK from a c rating to a b rating in a research note on Monday, August 28th. Finally, ValuEngine raised Orbital ATK from a hold rating to a buy rating in a research note on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $122.28.
Shares of Orbital ATK (OA) opened at $132.45 on Wednesday. The firm has a market capitalization of $7,640.51, a P/E ratio of 22.84, a PEG ratio of 2.38 and a beta of -0.23. Orbital ATK has a 52 week low of $82.44 and a 52 week high of $134.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.19. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. sell-side analysts forecast that Orbital ATK will post 6.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is 23.79%.
A number of institutional investors and hedge funds have recently bought and sold shares of OA. Meeder Asset Management Inc. bought a new stake in Orbital ATK in the 2nd quarter worth about $128,000. LMR Partners LLP bought a new stake in Orbital ATK in the 3rd quarter worth about $201,000. Cadence Capital Management LLC bought a new stake in Orbital ATK in the 3rd quarter worth about $204,000. ETF Managers Group LLC bought a new stake in Orbital ATK in the 2nd quarter worth about $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Orbital ATK by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
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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.
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