Texas (May 29, 2013) Wax Ink has issued an Initial Investment Interest rating for Orbital Sciences Corporation (NYSE: ORB) based on a recent baseline equity review which placed fair value between $38-$43.
The recent close of $18.32 is approximately 19% below the fair value buy target for the stock and approximately 61% below the fair value close target for the stock. The recent close is also 19% below analysts' twelve-month $22.50 median price target for the stock.
The recent close represents a 1% increase in price since the last baseline equity review was conducted in May 2011.
The stock currently has a trailing twelve-month PE Ratio of 10, and a PEG Ratio of 0.8 basis estimated forward earnings growth of 11.5%.
In the past 52 weeks, share prices have moved between a high of $18.76 and a low of $10.59, placing equilibrium at $16.76.
With the recent close, the stock is trading 2% below the 52 week high, 42% above the 52 week low, and 9% above equilibrium, and has an average daily trading volume of 270.24 thousand shares.
Orbital Sciences Corporation develops and manufactures small and medium-class rockets and space systems for commercial, military, and civil government customers.
The company's competitors include Lockheed Martin Corporation, Raytheon Company, Loral Space and Communications Ltd.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2011. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.