Economy

CL King Decides to Upgrade Aerojet Rocketdyne Holdings (NYSE:AJRD) Stock

CL King Decides to Upgrade Aerojet Rocketdyne Holdings (NYSE:AJRD) Stock

Jefferies initiated Aerojet Rocketdyne Holdings, Inc.

Among 5 analysts covering Aerojet Rocketdyne Holdings (NYSE:AJRD), 5 have Buy rating, 0 Sell and 0 Hold. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. BidaskClub lowered Aerojet Rocketdyne Holdings from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, September 13th. The stock has "Buy" rating by Oppenheimer on Friday, June 9. The stock's price is $33.94 and their relative strength index (RSI) stands at 79.86. (NYSE:AJRD) shares can stay above the price resistance around $35.3 a share, that could help propel Aerojet Rocketdyne Holdings, Inc. The stock's last price was higher from the average trading price of 50 days recorded at $68.35 while enlarging the period to 200 trading days, the average price was $66.75.

Aerojet Rocketdyne Holdings, In now has a P/E ratio of 65.68 and the market cap of the company is 2.55B. (Aerojet Rocketdyne), which is a technology-based designer, developer and manufacturer of aerospace and defense products and systems for the United States government, including the Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), aerospace and defense prime contractors, as well as portions of the commercial sector. The aerospace company reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.17. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The firm had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. During the same period in the previous year, the company earned $0.09 earnings per share. Aerojet Rocketdyne Holdings had 6 analyst reports since January 19, 2017 according to SRatingsIntel. On average, equities research analysts anticipate that Aerojet Rocketdyne Holdings will post $0.90 EPS for the current fiscal year.

Michael Jordan shares thoughts on Trump's disinvite of Golden State Warriors
Also on Sunday, Kings owner and chairman Vivek Ranadive said in a statement that Trump's comments were "deeply disappointing".

WARNING: "Aerojet Rocketdyne Holdings, Inc". The correct version of this article can be viewed at https://stocknewstimes.com/2017/09/23/aerojet-rocketdyne-holdings-inc-ajrd-upgraded-by-cl-king-to-buy.html. If you are viewing this article on another site, it was copied illegally and reposted in violation of USA & global copyright & trademark laws. The rating was upgraded by CL King on Friday, September 22 to "Buy".

A number of institutional investors and hedge funds have recently made changes to their positions in AJRD. Ameritas Investment Partners Inc. purchased a new position in shares of Aerojet Rocketdyne Holdings in the 1st quarter valued at about $112,000. About 3.16M shares traded or 280.25% up from the average. Can increased its stake in Aerojet Rocketdyne Holdings by 12.7% during the 1st quarter. First Trust Advisors LP now owns 27,168 shares of the aerospace company's stock valued at $590,000 after purchasing an additional 2,513 shares during the period. Aerojet Rocketdyne Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Turchin Martin has sold 10,000 shares of Aerojet Rocketdyne Holdings, Inc.


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