Somewhat Positive News Coverage Somewhat Unlikely to Affect Aerojet Rocketdyne (AJRD) Stock Price

News headlines about Aerojet Rocketdyne (NYSE:AJRD) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aerojet Rocketdyne earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.1174651071096 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern’s analysis:

A number of research analysts have commented on AJRD shares. CL King raised Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. SunTrust Banks reissued a “buy” rating on shares of Aerojet Rocketdyne in a report on Wednesday, September 27th. BidaskClub lowered Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. 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. Finally, Zacks Investment Research lowered Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $37.33.

Shares of Aerojet Rocketdyne (AJRD) opened at $30.95 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne has a 1 year low of $17.69 and a 1 year high of $36.25. The firm has a market capitalization of $2,388.93, a price-to-earnings ratio of 37.74, a P/E/G ratio of 4.83 and a beta of 1.41.

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

In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Henderson sold 53,234 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total value of $1,595,422.98. Following the completion of the transaction, the director now owns 113,341 shares of the company’s stock, valued at $3,396,829.77. The disclosure for this sale can be found here. Insiders sold 88,235 shares of company stock valued at $2,652,753 over the last quarter. Corporate 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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