Altra Holdings Inc. Sets New 1-Year High at $35.01 (AIMC)
Altra Holdings (NASDAQ:AIMC) set a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network reports. The stock traded as high as $35.01 and last traded at $34.80, with a volume of 161,547 shares. The stock had previously closed at $33.68.
A number of analysts have recently weighed in on AIMC shares. Analysts at Merrill Lynch upgraded shares of Altra Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 29th. Separately, analysts at Bank of America Corp. upgraded shares of Altra Holdings from an “underperform” rating to a “buy” rating in a research note to investors on Tuesday, October 29th. They now have a $35.00 price target on the stock, up previously from $28.00. Finally, analysts at Jefferies Group raised their price target on shares of Altra Holdings from $25.00 to $27.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $29.96.
Altra Holdings has a one year low of $21.89 and a one year high of $34.54. The stock has a 50-day moving average of $31.49 and a 200-day moving average of $28.50. The company has a market cap of $942.3 million and a P/E ratio of 32.64.
Altra Holdings (NASDAQ:AIMC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.03. The company had revenue of $175.40 million for the quarter, compared to the consensus estimate of $175.12 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Altra Holdings will post $1.64 EPS for the current fiscal year.
Altra Holdings, Inc (NASDAQ:AIMC) is a global designer, producer and marketer of a range of mechanical power transmission (MPT), and motion control products serving customers in a range of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden.
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