Astronics Corp. Price Target Increased to $58.00 by Analysts at Dougherty & Co (ATRO)
Stock analysts at Dougherty & Co boosted their price target on shares of Astronics Corp. (NASDAQ:ATRO) from $55.00 to $58.00 in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s target price would suggest a potential upside of 16.75% from the stock’s previous close.
Shares of Astronics Corp. (NASDAQ:ATRO) traded up 0.04% on Wednesday, hitting $49.70. The stock had a trading volume of 82,754 shares. Astronics Corp. has a 52 week low of $19.25 and a 52 week high of $51.10. The stock has a 50-day moving average of $46.88 and a 200-day moving average of $37.97. The company has a market cap of $721.3 million and a price-to-earnings ratio of 31.05.
Astronics Corp. (NASDAQ:ATRO) last released its earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.11. The company had revenue of $70.83 million for the quarter, compared to the consensus estimate of $74.72 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Astronics Corp. will post $2.02 EPS for the current fiscal year.
A number of other firms have also recently commented on ATRO. Analysts at Thomson Reuters/Verus downgraded shares of Astronics Corp. (NASDAQ:ATRO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. Separately, analysts at Zacks downgraded shares of Astronics Corp. (NASDAQ:ATRO) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $46.80 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of Astronics Corp. (NASDAQ:ATRO) from $41.00 to $45.00 in a research note to investors on Wednesday, July 10th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Astronics Corp. currently has an average rating of “Buy” and a consensus price target of $46.20.
Manufactures technical, packaging and business equipment products. Technical products include electroluminescent lamps, panels, fiberglass assemblies and related systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.