Why Has UBS Given Orbital ATK (NYSE:OA) a $100 Price Target
UBS has just issued a Buy rating for Orbital ATK (NYSE:OA) shares. The firm started coverage on shares of OA in an interesting research report sent to clients and investors on Thursday, 17 December. This target PPS could mean upside of 11.26% from the stock price of Orbital ATK (NYSE:OA).
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. The highest target price is $126 while the lowest target price is $90. The mean of all analyst targets is $101.23 with a 5.57% above today’s ($89.99) stock price. Orbital ATK was the topic of 5 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 487,170 shares of stock traded hands or 53.88% up from the average. Orbital ATK Inc (NYSE:OA) has risen 14.15% since May 14, 2015 and is uptrending. It has outperformed by 16.41% the S&P500.
Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The company has a market cap of $5.16 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.”