ATMI PT Raised to $34.00 at DA Davidson (ATMI)
Analysts at DA Davidson hoisted their target price on shares of ATMI (NASDAQ:ATMI) from $29.00 to $34.00 in a research report issued to clients and investors on Thursday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 24.59% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of ATMI from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 7th. Separately, analysts at Zacks downgraded shares of ATMI from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, July 29th. They now have a $23.50 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of ATMI in a research note to investors on Monday, July 29th. They now have a $26.00 price target on the stock, up previously from $22.00. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.83.
ATMI (NASDAQ:ATMI) traded up 0.48% on Thursday, hitting $27.29. The stock had a trading volume of 135,379 shares. ATMI has a one year low of $17.59 and a one year high of $27.53. The stock’s 50-day moving average is $24.79 and its 200-day moving average is $23.63. The company has a market cap of $870.6 million and a P/E ratio of 19.68.
ATMI (NASDAQ:ATMI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.22 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts predict that ATMI will post $1.19 earnings per share for the current fiscal year.
ATMI, Inc (NASDAQ:ATMI) is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices.
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