Could Orbital ATK Inc See a Reversal After Today’s Strong Options Activity?

 Could Orbital ATK Inc See a Reversal After Today's Strong Options Activity?

In today’s session Orbital ATK Inc (OA) registered an unusually high (978) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious OA increase. With 978 contracts traded and 2824 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: OA161021C00075000 closed last at: $1.2 or 33.3% down. About 102,828 shares traded hands. Orbital ATK Inc (NYSE:OA) has declined 7.66% since March 8, 2016 and is downtrending. It has underperformed by 16.98% the S&P500.

Analysts await Orbital ATK Inc (NYSE:OA) to report earnings on October, 25. They expect $1.40 earnings per share, up 3.70% or $0.05 from last year’s $1.35 per share. OA’s profit will be $82.18M for 13.05 P/E if the $1.40 EPS becomes a reality. After $1.35 actual earnings per share reported by Orbital ATK Inc for the previous quarter, Wall Street now forecasts 3.70% EPS growth.

Orbital ATK Inc (NYSE:OA) Ratings Coverage

Out of 10 analysts covering Orbital ATK (NYSE:OA), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $104 is the highest target while $90 is the lowest. The $99.33 average target is 35.92% above today’s ($73.08) stock price. Orbital ATK has been the topic of 17 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Orbital ATK Inc (NYSE:OA) earned “Overweight” rating by Barclays Capital on Thursday, August 11. As per Wednesday, March 2, the company rating was maintained by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, August 11. The rating was downgraded by Zacks to “Buy” on Wednesday, August 26. The firm earned “Outperform” rating on Tuesday, August 23 by Wells Fargo. The rating was initiated by UBS on Thursday, December 17 with “Buy”. The stock of Orbital ATK Inc (NYSE:OA) earned “Buy” rating by CL King on Tuesday, December 22. The company was upgraded on Monday, February 8 by KeyBanc Capital Markets. The firm earned “Conviction Buy” rating on Monday, January 4 by Goldman Sachs. The stock of Orbital ATK Inc (NYSE:OA) earned “Hold” rating by Argus Research on Tuesday, August 11.

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.”

Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The company has a market cap of $4.29 billion. The Firm designs, manufactures and delivers space, defense and aviation-related systems. It has a 17.34 P/E ratio.

OA Company Profile

Orbital ATK, Inc., formerly Alliant Techsystems Inc., incorporated on May 2, 1990, is an aerospace and defense company. The Firm designs, manufactures and delivers space, defense and aviation-related systems to clients both as a prime contractor and as a merchant supplier. The Firm operates through three business divisions: Flight Systems Group, Defense Systems Group and Space Systems Group. The Flight Systems Group segment develops rockets that are used as small- and medium-class space launch vehicles to place satellites into earth orbit and escape trajectories, interceptor and target vehicles for missile defense systems and suborbital launch vehicles that place payloads into a variety of high-altitude trajectories. The Defense Systems Group segment develops and produces military small- medium- and large-caliber ammunition, small-caliber commercial ammunition, propulsion systems for tactical missiles and missile defense applications, strike weapons, precision weapons and munitions, gun systems, aircraft survivability systems, fuzes and warheads, energetic materials and special mission aircraft. The Space Systems Group segment develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting, conduct space-related scientific research, and perform other activities related to national security. The Company’s main products include launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

More notable recent Orbital ATK Inc (NYSE:OA) news were published by: Businesswire.com which released: “Orbital ATK Awarded Contract to Build Eutelsat Broadcast Satellite” on October 11, 2016, also Bizjournals.com with their article: “Orbital ATK reschedules next cargo mission to International Space Station” published on October 10, 2016, Businesswire.com published: “Orbital ATK and Stratolaunch Systems Partner to Offer Competitive Space Launch …” on October 06, 2016. More interesting news about Orbital ATK Inc (NYSE:OA) were released by: Fool.com and their article: “Here’s Why Orbital ATK Inc’s Stock Is Crashing Today” published on August 10, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Teradyne, Orbital ATK and Avnet” with publication date: August 31, 2016.

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