Jefferies Lifts Target on Orbital Sciences (ORB) to $21, Adjusts Estimates
Tweet
Share
E-mailGet Alerts ORB Hot Sheet
Price: $28.85 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
Join SI Premium – FREE
Jefferies boosted its price target on Orbital Sciences (NYSE: ORB) from $19 to $21, while reiterating a Buy rating.
The firm comments, "With the delay of another 6 weeks of the handover of the Antares launchpad at Wallops Island, VA., we revise our EPS estimates. This event is one milestone in a series of events that will lead to the first mission under NASA's Commercial Resupply Services Contract (CRS). Program success should lead to higher operating margins, revenue, and free cash flow for the business."
The firm lowered their current qtr EPS estimates from $0.25 to $0.24, FY from $1.00 to $0.95 and raised Next year from $1.15 to $1.20.
For an analyst ratings summary and ratings history on Orbital Sciences click here. For more ratings news on Orbital Sciences click here.
Shares of Orbital Sciences closed at $14.70 yesterday.
The firm comments, "With the delay of another 6 weeks of the handover of the Antares launchpad at Wallops Island, VA., we revise our EPS estimates. This event is one milestone in a series of events that will lead to the first mission under NASA's Commercial Resupply Services Contract (CRS). Program success should lead to higher operating margins, revenue, and free cash flow for the business."
The firm lowered their current qtr EPS estimates from $0.25 to $0.24, FY from $1.00 to $0.95 and raised Next year from $1.15 to $1.20.
For an analyst ratings summary and ratings history on Orbital Sciences click here. For more ratings news on Orbital Sciences click here.
Shares of Orbital Sciences closed at $14.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Bharat Forge Ltd. (BHFC:IN) to Buy
- Truist Securities Downgrades HashiCorp Inc (HCP) to Hold
- STRATEC SE (SBS:GR) (SRBZF) PT Lowered to EUR41 at Berenberg
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
