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Actuant (NYSE:ATU) has been given a “BBB-” credit rating by analysts at Morningstar. The firm’s “BBB-” rating suggests that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a four star rating.

Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Actuant in a research note on Tuesday, June 17th. They now have a $38.00 price target on the stock, down previously from $39.00. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Actuant has an average rating of “Buy” and an average price target of $41.00.

Shares of Actuant (NYSE:ATU) traded up 0.27% on Monday, hitting $33.73. The stock had a trading volume of 315,636 shares. Actuant has a one year low of $31.74 and a one year high of $39.84. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $34.05. The company has a market cap of $2.318 billion and a price-to-earnings ratio of 13.35.

Actuant (NYSE:ATU) last announced its earnings results on Wednesday, June 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.43 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Actuant will post $1.92 earnings per share for the current fiscal year.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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