Actuant Corp. Price Target Raised to $41.00 at RBC Capital (ATU)
Equities researchers at RBC Capital hoisted their price objective on shares of Actuant Corp. (NYSE:ATU) from $39.00 to $41.00 in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 10.54% from the stock’s previous close.
Shares of Actuant Corp. (NYSE:ATU) traded down 1.70% during mid-day trading on Tuesday, hitting $37.09. 488,352 shares of the company’s stock traded hands. Actuant Corp. has a one year low of $25.38 and a one year high of $39.84. The stock has a 50-day moving average of $37.66 and a 200-day moving average of $34.24. The company has a market cap of $2.709 billion and a P/E ratio of 93.39.
Actuant Corp. (NYSE:ATU) last released its earnings data on Tuesday, October 1st. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $327.00 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Actuant Corp. will post $2.09 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ATU. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Actuant Corp. in a research note to investors on Wednesday, October 2nd. They now have a $42.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Actuant Corp. from $35.00 to $36.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Actuant Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 29th. They now have a $37.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Actuant Corp. currently has an average rating of “Hold” and a consensus price target of $36.03.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.
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