Barclays Believes OA Won’t Stop Here

By Jason Carr

Barclays analyst Carter Copeland maintained a Buy rating on Orbital ATK (NYSE: OA) on March 9 and set a price target of $105. The company’s shares closed last Friday at $99.47, close to its 52-week high of $99.98.

According to, Copeland is a 5-star analyst with an average return of 13.5% and a 70.4% success rate. Copeland covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, General Dynamics Corp, and Lockheed Martin Corp.

Currently, the analyst consensus on Orbital ATK is Strong Buy and the average price target is $109.75, representing a 10.3% upside.

In a report issued on March 9, Cowen & Co. also reiterated a Buy rating on the stock with a $108 price target.

Based on Orbital ATK’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.05 billion and quarterly net profit of $69.84 million. In comparison, last year the company earned revenue of $165 million and had a net profit of $67.15 million.

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Orbital ATK, Inc. is a global aerospace and defense systems company. It designs, builds and delivers space, defense and aviation-related systems. The company operates through following segments: Flight Systems Group, Defense Systems Group and Space Systems Group. The Flight Systems Group segment provides solid rocket propulsion systems, specialty energetic products, small- and medium-class space launch vehicles, interceptor boosters, target vehicles and also manufacturer of composite structures for commercial and military aircraft and launch vehicles. The Defense Systems Group segment produces small, medium and large-caliber ammunition, medium-caliber gun systems and precision munitions guidance kits. It also supplies defense electronics strike weapon systems, missile-warning, aircraft survivability and special-mission aircraft. The Space Systems Group segment provides small-and medium-class commercial satellites used for global communications and high-resolution earth imaging. It also provides commercial cargo delivery services to the International Space Station and developer of advanced space systems and specialized engineering services. Orbital ATK was founded in 1990 and is headquartered in Dulles, VA.