Stock Analysis:Orbital ATK (NYSE:OA) Upside Target Change
In a recent report sent to clients and investors by Cowen on Friday, 11 December, Orbital ATK (NYSE:OA) had its PT hiked to $95.00. The firm now has a solid Outperform rating on shares.
From a total of 9 analysts covering Orbital ATK (NYSE:OA) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. Orbital ATK was the topic of 4 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on September 8 to “Buy” rating. Argus Research upgraded OA stock in a recent report from August 11 to “Hold” rating.
Approximately 89,190 shares of stock traded hands. Orbital ATK Inc (NYSE:OA) has risen 16.00% since May 8, 2015 and is uptrending. It has outperformed by 19.02% the S&P500.
Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The company has a market cap of $5.02 billion. The Firm designs, manufactures and delivers space, defense and aviation-related systems. It currently has negative earnings.
According to Zacks Investment Research, “Orbital ATK, Inc. designs, builds and delivers space, defense and aviation-related systems. The company operates in three segments: Aerospace Group, Defense Group and Sporting Group. Its product include launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics; precision weapons, armament systems and ammunition. Orbital ATK, Inc., formerly known as Alliant Techsystems Inc., is headquartered in Dulles, Virginia.” Get a free copy of the Zacks research report on Orbital ATK Inc (OA).