The stock of Orbital ATK Inc (NYSE:OA) is a huge mover today! About 347,474 shares traded hands. Orbital ATK Inc (NYSE:OA) has declined 13.91% since April 5, 2016 and is downtrending. It has underperformed by 15.86% the S&P500.
The move comes after 6 months positive chart setup for the $4.74B company. It was reported on Nov, 8 by Barchart.com. We have $114.29 PT which if reached, will make NYSE:OA worth $2.13B more.
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. As per Tuesday, August 23, the company rating was downgraded by Argus Research. The firm has “Overweight” rating given on Monday, February 8 by KeyBanc Capital Markets. CL King initiated the shares of OA in a report on Tuesday, December 22 with “Buy” rating. The company was upgraded on Tuesday, September 8 by Goldman Sachs. The rating was initiated by Deutsche Bank on Thursday, September 1 with “Buy”. The rating was upgraded by Goldman Sachs to “Conviction Buy” on Monday, January 4. As per Tuesday, August 23, the company rating was upgraded by Wells Fargo. The rating was initiated by UBS with “Buy” on Thursday, December 17. The stock of Orbital ATK Inc (NYSE:OA) earned “Buy” rating by Zacks on Wednesday, August 26. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, 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.”
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 Businesswire.com with their article: “Orbital ATK Provides Third Quarter 2016 Business and Financial Update” published on November 08, 2016, Businesswire.com published: “Orbital ATK’s Board of Directors Declares $0.30 Per Share Quarterly Dividend …” on November 02, 2016. More interesting news about Orbital ATK Inc (NYSE:OA) were released by: Reuters.com and their article: “BRIEF-Orbital ATK Inc expands share repurchase program” published on November 02, 2016 as well as Wsj.com‘s news article titled: “Military Contractor Orbital ATK to Restate Financials” with publication date: August 10, 2016.
OA Company Profile
Orbital ATK, Inc., incorporated on May 2, 1990, is an aerospace and defense systems firm and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s divisions include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. The Company’s 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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