Aerojet Rocketdyne - AJRD Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aerojet Rocketdyne in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AJRD shares.
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2 brokers have issued 12-month target prices for Aerojet Rocketdyne's shares. Their AJRD share price forecasts range from $36.00 to $49.00. On average, they expect the company's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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Aerojet Rocketdyne's stock was trading at $46.76 at the beginning of 2022. Since then, AJRD shares have decreased by 11.2% and is now trading at $41.52.
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Aerojet Rocketdyne saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,700,000 shares, a decrease of 14.3% from the August 31st total of 3,150,000 shares. Based on an average trading volume of 729,600 shares, the short-interest ratio is presently 3.7 days. Approximately 3.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) released its earnings results on Monday, August, 1st. The aerospace company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.47 by $0.27. The aerospace company had revenue of $528.50 million for the quarter, compared to analysts' expectations of $570.53 million. Aerojet Rocketdyne had a trailing twelve-month return on equity of 26.51% and a net margin of 5.74%. Aerojet Rocketdyne's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS.

118 employees have rated Aerojet Rocketdyne Chief Executive Officer Eileen Drake on Glassdoor.com. Eileen Drake has an approval rating of 46% among the company's employees. This puts Eileen Drake in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aerojet Rocketdyne investors own include NVIDIA (NVDA), Micron Technology (MU), Cisco Systems (CSCO), Boeing (BA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), AT&T (T), QUALCOMM (QCOM) and International Business Machines (IBM).

Aerojet Rocketdyne trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJRD."

Shares of AJRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AJRD stock can currently be purchased for approximately $41.52.

Aerojet Rocketdyne (NYSE:AJRD) has a market capitalization of $3.34 billion and generates $2.19 billion in revenue each year. The aerospace company earns $143.70 million in net income (profit) each year or $1.51 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Aerojet Rocketdyne's mailing address is 222 N. Pacific Coast Highway Suite 500, El Segundo CA, 90245. The official website for the company is www.aerojetrocketdyne.com. The aerospace company can be reached via phone at (252) 252-8100, via email at ir@aerojetrocketdyne.com, or via fax at 916-351-8668.