Analyst Ratings for Aerojet Rocketdyne Holdings Inc. (AJRD)Updated: 2017-07-27
Analysts covering Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) have given it a consensus rating of Buy. AJRD had previously received a consensus rating of Buy a month ago.
3 analysts declared AJRD a buy, 0 gave an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
AJRD was given price targets by several analysts. The maximum price target given was 28, implying a possible profit of 19.2 percent. The most pessimistic price target was 26, which equates to a potential downside of 10.69 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -12.5 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.27 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.11 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of AJRD's earnings is estimated by analysts to be 202.95 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of AJRD is 0.46.
AJRD has traded between a high of 23.94 and a low of 16.04 over the past year. Today's price is 46.45 percent above the 52-week low, and 1.88 percent below the high. AJRD has a P/E ratio of 92.37. Investors typically compare the P/E ratio to a company's peers in the industry. The AJRD value stock report compares AJRD to some of its peers using value stock charts. The stock has a market capitalization of $1.76 billion. AJRD will post this quarters earnings in days, on 0000-00-00.