Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Aerojet Rocketdyne Holdings (NYSE:AJRD) on Monday, setting a price target of $51, which is approximately 5.22% above the present share price of $48.47.
Herbert expects Aerojet Rocketdyne Holdings to post earnings per share (EPS) of $0.46 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Aerojet Rocketdyne Holdings, with an average price target of $52.67.
The analysts price targets range from a high of $56 to a low of $51.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $556.5 million and a net profit of $58 million. The company's market cap is $3.88 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.7% and a 74.41% success rate.
Aerojet Rocketdyne Holdings, Inc. engages in providing 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. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc. in developing and manufacturing of aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector. The Real Estate segment operates through Easton Development Company, LLC in re-zoning, entitlement, sale, and leasing of excess real estate assets. The company was founded by William O'Neil on September 29, 1915 and is headquartered in El Segundo, CA.