The stock of Orbital ATK Inc (NYSE:OA) is a huge mover today! About 688,133 shares traded hands or 39.88% up from the average. Orbital ATK Inc (NYSE:OA) has declined 4.88% since March 15, 2016 and is downtrending. It has underperformed by 10.37% the S&P500.
The move comes after 5 months positive chart setup for the $4.60 billion company. It was reported on Oct, 18 by Barchart.com. We have $118.82 PT which if reached, will make NYSE:OA worth $2.44B more.
Analysts await Orbital ATK Inc (NYSE:OA) to report earnings on October, 25. They expect $1.40 EPS, up 3.70% or $0.05 from last year’s $1.35 per share. OA’s profit will be $82.93M for 13.87 P/E if the $1.40 EPS becomes a reality. After $1.35 actual EPS 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. 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) has “Buy” rating given on Thursday, December 17 by UBS. The stock has “Buy” rating given by Goldman Sachs on Tuesday, September 8. The stock has “Hold” rating given by Argus Research on Tuesday, August 11. The company was upgraded on Monday, January 4 by Goldman Sachs. The company was downgraded on Wednesday, August 26 by Zacks. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, March 2. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, August 23. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, August 11. On Thursday, August 11 the stock rating was maintained by Barclays Capital with “Overweight”. KeyBanc Capital Markets upgraded Orbital ATK Inc (NYSE:OA) on Monday, February 8 to “Overweight” rating.
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.”
More notable recent Orbital ATK Inc (NYSE:OA) news were published by: Wsj.com which released: “Orbital ATK’s Unmanned Antares Rocket Achieves Smooth Return to Flight” on October 18, 2016, also Bizjournals.com with their article: “â€‹Moody’s: R&D programs could turn Orbital ATK into ‘more formidable’ defense …” published on October 13, 2016, Fool.com published: “Here’s Why Orbital ATK Inc’s Stock Is Crashing Today” on August 10, 2016. More interesting news about Orbital ATK Inc (NYSE:OA) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Teradyne, Orbital ATK and Avnet” published on August 31, 2016 as well as Finance.Yahoo.com‘s news article titled: “Orbital ATK (OA) Secures Contract for EUTELSAT 5 Satellite” with publication date: October 12, 2016.
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.
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