Astronics Corp. Hits New 52-Week High at $43.50 (ATRO)
Shares of Astronics Corp. (NASDAQ:ATRO) hit a new 52-week high during trading on Friday, Analyst Ratings Network reports. The stock traded as high as $43.50 and last traded at $43.30, with a volume of 47,125 shares trading hands. The stock had previously closed at $42.81.
A number of analysts have recently weighed in on ATRO shares. Analysts at Dougherty & Co raised their price target on shares of Astronics Corp. from $55.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Astronics Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. Finally, analysts at Zacks downgraded shares of Astronics Corp. 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $46.20.
Astronics Corp. has a 1-year low of $15.4123 and a 1-year high of $43.50. The stock has a 50-day moving average of $39.13 and a 200-day moving average of $31.3. The company has a market cap of $629.6 million and a P/E ratio of 26.76.
Astronics Corp. (NASDAQ:ATRO) last announced its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.42 earnings per share. Astronics Corp.’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Astronics Corp. will post $2.07 EPS for the current fiscal year.
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.