AJRD stock: buy or sell?

AJRD stock price: $44.41 0.43% At close on December 6th, 2019

Updated on:
December 6th, 2019

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Aerojet Rocketdyne shares stepped up 0.43% to $44.41 on Dec/6. December/6 was the 3rd climbing day in a row, soaring 2.29%.

Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States.

Should I buy AJRD stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Aerojet Rocketdyne stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Aerojet Rocketdyne stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 4 ratings published for AJRD stock in the last 30 days.

The general sentiment of these ratings is bullish for AJRD stock, with 3 positive ratings.
Is AJRD a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-10JPMorgan Chase & Co.n/aNeutral
2019-8-1SunTrust Banksn/aBuy
2019-6-28Canaccord Genuityn/aBuy
2019-2-20SunTrust Banksn/aBuy

AJRD stock analysis

Daily outlook

Aerojet Rocketdyne shares stepped up 0.43% to $44.41 on December 6th.

Aerojet Rocketdyne closed on December/6 at $44.41 and stepped up a slightly fine 0.43%. AJRD is soaring again after a 3.56% correction from its last top on Nov/26 at $44.68. Since price and SMA100d lines crossed down on October, AJRD fell $-3.60 per share (-7.50%). On September, AJRD hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers.

AJRD stock chart (daily)

Weekly outlook

Shares of Aerojet Rocketdyne ended this week at $44.41 and stepped up a slightly fine 0.48%. By mid October AJRD plummed a hair-raising -5.36% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $52.84 resistance. Not so far away is the last all-time high Aerojet Rocketdyne marked by mid September, but since then it dropped a 15.95%. Since late April when AJRD stock price broke up the SMA40w line, it gained $11.13 (33.44%).

AJRD stock chart (weekly)

AJRD stock price history

AJRD IPO was on February 2nd, 1981 at $1.57 per share1. Since then, AJRD stock surged a 2,728.70%, with a yearly average of 71.80%. If you had invested $1,000 in AJRD stock in 1981, it would worth $27,287.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AJRD stock historical price chart

AJRD stock reached all-time highs on September with a price of $52.84.

AJRD stock price target is $50.50

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AJRD stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 4 price forecasts for AJRD stock:
AJRD stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-10JPMorgan Chase & Co.Initiatesn/a$52.00-
2019-8-1SunTrust BanksRaises Targetn/a$55.00-
2019-6-28Canaccord GenuityInitiatesn/a$50.00-
2019-2-20SunTrust BanksRaises Targetn/a$45.00-
(in average)$0.00$50.500.0%
Moving in a range from $55.00 and $45.00, the price prediction for AJRD stock is $50.50. In average, analysts' outlook on AJRD price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Aerojet Rocketdyne failed to meet the expectations of the experts and posted a rough EPS of $0.33 per share when experts were expecting $0.36.
AJRD earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-210.250.16-36.0%
2018-Q12018-05-010.180.180.0%
2018-Q22018-07-300.260.4573.1%
2018-Q32018-10-300.30.4240.0%
2018-Q42019-02-190.360.33-8.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Aerojet Rocketdyne annual revenues remained constant a tiny 1.00% to $1,895.90 million dollars from $1,877.20 marked in 2017. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) soared a 7.73% to 7.24%.

AJRD annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,380 M-$165 M11.9%-
2014$1,600 M15.94%$-52.30 M-3.3%-131.79%
2015$96 M-93.98%$7.00 M7.3%-113.38%
2016$1,761 M1,728.97%$18 M1.0%157.14%
2017$1,877 M6.58%$-9.20 M-0.5%-151.11%
2018$1,896 M1.00%$137 M7.2%-1,592.39%

Quarterly financial results

Aerojet Rocketdyne reported $437.90 million in revenues for 2018-Q4, a -12.21% less compared to previous quarter. Reported quarter earnings marked $23.50 million with a profit margin of 5.37%. Profit margin fell a -7.66% compared to previous quarter when profit margin was 13.03%. When comparing revenues to same quarter last year, Aerojet Rocketdyne sales marked a spooky slide and collapsed a -17.10%.
AJRD quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$460 M-$24 M5.2%-
2017-Q3$484 M5.33%$13 M2.6%-47.06%
2017-Q4$528 M9.11%$-52 M-9.8%-512.70%
2018-Q1$492 M-6.85%$14 M2.8%-126.92%
2018-Q2$467 M-5.04%$35 M7.4%148.57%
2018-Q3$499 M6.76%$65 M13.0%86.78%
2018-Q4$438 M-12.21%$24 M5.4%-63.85%
2019-Q1$492 M12.29%$39 M7.9%64.68%

Aerojet Rocketdyne ownership

When you are planning to invest in a stock, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Aerojet Rocketdyne, 2.86% of all outstanding shares are owned by its staff.

Bearish positions for AJRD stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

AJRDASTCBALMTNOC
Market cap$3.5 B$11.1 M$199.3 B$109.1 B$58.1 B
Total shares78.7 M5.9 M562.8 M282.1 M168.5 M
Float shares71.7 M3.4 M528.7 M238.2 M167.8 M
  - Institutional holdings (%)106.4%14.5%70.6%78.7%85.3%
  - Insider holdings (%)2.9%43.8%0.1%0.1%0.5%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

AJRD summary

Friday, December 6th, 2019
Open$44.47
Close$44.41
Day range$44.32 - $44.96
Previous close$44.22
Session gain0.43%
Average true range$0.92
50d mov avg$45.58
100d mov avg$47.35
200d mov avg$42.54
Daily patternlb01a
Weekly pattern lb02a

Aerojet Rocketdyne performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Aerojet Rocketdyne against Astrotech, Boeing, Lockheed Martin and Northrop Grumman in the following table:
Stock3m6m12m
AJRDAerojet Rocketdyn...-13.93%12.52%30.12%
ASTCAstrotech-16.07%-45.98%-34.04%
BABoeing-1.88%1.32%12.08%
LMTLockheed Martin0.69%10.20%39.05%
NOCNorthrop Grumman-5.90%9.12%35.99%

Aerojet Rocketdyne competitors

We chose a few stocks to conform a list of Aerojet Rocketdyne competitors to examine if you are interested in investing in AJRD: