Aerojet Rocketdyne (AJRD) Given Coverage Optimism Rating of 0.10

Headlines about Aerojet Rocketdyne (NYSE:AJRD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aerojet Rocketdyne earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 46.3070783777087 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Aerojet Rocketdyne (AJRD) traded up $0.54 during midday trading on Wednesday, reaching $31.38. 361,443 shares of the company’s stock traded hands, compared to its average volume of 610,384. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne has a one year low of $17.69 and a one year high of $36.25. The firm has a market capitalization of $2,420.00, a P/E ratio of 37.36, a PEG ratio of 6.97 and a beta of 1.41.

Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. The business’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts anticipate that Aerojet Rocketdyne will post 0.84 earnings per share for the current year.

AJRD has been the topic of several recent analyst reports. Jefferies Group lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Monday, October 23rd. BidaskClub lowered Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. SunTrust Banks reissued a “buy” rating and issued a $40.00 target price on shares of Aerojet Rocketdyne in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Aerojet Rocketdyne currently has a consensus rating of “Buy” and a consensus price target of $35.33.

In related news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Perry sold 25,001 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the sale, the director now owns 166,959 shares of the company’s stock, valued at approximately $5,008,770. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock valued at $2,652,753 in the last quarter. Insiders own 2.70% of the company’s stock.

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Aerojet Rocketdyne Company Profile

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

Insider Buying and Selling by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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