Can Orbital ATK Inc’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Orbital ATK Inc's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Orbital ATK Inc (OA) registered an unusually high (248) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious OA increase. With 248 contracts traded and 574 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: OA161216C00080000 closed last at: $1.8 or 9.1% up. About 204,460 shares traded hands. Orbital ATK Inc (NYSE:OA) has declined 8.78% since April 8, 2016 and is downtrending. It has underperformed by 14.43% the S&P500.

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 24.43% above today’s ($79.83) stock price. Orbital ATK has been the topic of 17 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated Orbital ATK Inc (NYSE:OA) rating on Thursday, September 1. Deutsche Bank has “Buy” rating and $100 price target. The stock of Orbital ATK Inc (NYSE:OA) has “Buy” rating given on Tuesday, December 22 by CL King. The firm has “Conviction Buy” rating given on Monday, January 4 by Goldman Sachs. The stock of Orbital ATK Inc (NYSE:OA) earned “Buy” rating by Zacks on Wednesday, August 26. Argus Research upgraded Orbital ATK Inc (NYSE:OA) on Tuesday, August 11 to “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $95 target price in Wednesday, March 2 report. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, September 8 report. UBS initiated Orbital ATK Inc (NYSE:OA) on Thursday, December 17 with “Buy” rating. On Monday, February 8 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Argus Research downgraded Orbital ATK Inc (NYSE:OA) on Tuesday, August 23 to “Hold” 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.”

Orbital ATK, Inc. 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 has a market cap of $4.76 billion. The Company’s divisions include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. It has a 18.94 P/E ratio. The Company’s products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

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.

More notable recent Orbital ATK Inc (NYSE:OA) news were published by: Fool.com which released: “Orbital ATK Inc. Reports Strong New-Order Growth” on November 08, 2016, also Wsj.com with their article: “Orbital ATK’s Unmanned Antares Rocket Achieves Smooth Return to Flight” published on October 18, 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 Businesswire.com‘s news article titled: “Robbins Arroyo LLP: Orbital ATK, Inc. (OA) Misled Shareholders According to a …” with publication date: November 03, 2016.

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