Orbital ATK (OA) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Orbital ATK (OA) : The consensus price target for Orbital ATK (OA) is $92.67 for the short term with a standard deviation of $9.91. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $100, however, the pessimist price target for the company is $76.
Also, Deutsche Bank initiates coverage on Orbital ATK (NYSE:OA). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $100 per share. The rating by the firm was issued on September 1, 2016.
Orbital ATK (NYSE:OA): After opening at $73.13, the stock dipped to an intraday low of $73.01 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $74.09 and the buying power remained strong till the end. The stock closed at $73.93 for the day, a gain of 0.67% for the day session. The total traded volume was 457,905. The stocks close on the previous trading day was $73.44.
Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The Company designs, builds and delivers space, defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group, which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group, which develops and produces military small- medium- and large-caliber ammunition, small-caliber commercial ammunition, propulsion systems, strike weapons, precision weapons and munitions, gun systems, aircraft survivability systems, fuzes and warheads, and special mission aircraft, and Space Systems Group, which 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.