The analysts wrote, ?Orbital Sciences Corporation (NYSE:ORB) has been upgraded by TheStreet Ratings from hold to buy. The company?s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.? Shares of Orbital Sciences traded up 0.48% during mid-day trading on Tuesday, hitting $14.70. Orbital Sciences has a one year low of $10.59 and a one year high of $15.23. The stock?s 50-day moving average is currently $14.00. The company has a market cap of $874.6 million and a P/E ratio of 13.55.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Orbital Sciences in a research note to investors on Thursday, November 15th. They set a ?buy? rating and a $17.00 price target on the stock.
Five equities research analysts have rated the stock with a buy rating, and one has given an overweight rating to the company. The company currently has an average rating of ?buy? and an average price target of $19.20.
Orbital Sciences Corporation, incorporated in 1987, is engaged in the development and manufacture of small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (DoD), the National Aeronautics and Space Administration (NASA) and other United States Government agencies. To view TheStreet?s full report, visit www.thestreetratings.com