SunTrust Robinson analyst Michael Ciarmoli maintained a Buy rating on Aerojet Rocketdyne Holdings (NYSE: AJRD) today and set a price target of $41. The company’s shares closed yesterday at $35.81, close to its 52-week high of $37.70.
According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 17.9% and a 75.0% success rate. Ciarmoli covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, BWX Technologies, and Triumph Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aerojet Rocketdyne Holdings with a $35.50 average price target.
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Based on Aerojet Rocketdyne Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $34 million. In comparison, last year the company had a net profit of $23.8 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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Aerojet Rocketdyne Holdings, Inc. engages in the provision of innovative solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace & Defense, and Real Estate.
