Actuant (NYSE:ATU)‘s stock had its “buy” rating reissued by GMP Securities in a note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $0.75 price objective on the industrial products company’s stock. GMP Securities’ target price indicates a potential downside of 96.95% from the company’s current price.
Other research analysts have also issued research reports about the company. Maxim Group reaffirmed a “positive” rating on shares of Actuant in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised Actuant from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $23.00 in a research report on Monday, January 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $21.00 price objective on shares of Actuant in a research report on Monday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Actuant currently has an average rating of “Hold” and a consensus target price of $22.42.
Shares of NYSE:ATU opened at $24.56 on Wednesday. Actuant has a 52-week low of $19.07 and a 52-week high of $31.00. The company has a market capitalization of $1.51 billion, a PE ratio of 22.53, a PEG ratio of 1.73 and a beta of 1.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.35 and a quick ratio of 1.77.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new stake in Actuant during the 1st quarter valued at $80,000. PNC Financial Services Group Inc. boosted its stake in Actuant by 14.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 568 shares during the last quarter. Bank of Montreal Can boosted its stake in Actuant by 14.3% during the 4th quarter. Bank of Montreal Can now owns 6,234 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 778 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Actuant during the 1st quarter valued at $201,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Actuant during the 1st quarter valued at $236,000.
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.
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