In a report released today, Kenneth Herbert from Canaccord Genuity maintained a Hold rating on Astronics Corp (NASDAQ: ATRO), with a price target of $41. The company’s shares opened today at $42.16.
Herbert commented:
“We believe the Test segment provided ~$0.10 of the upside in the quarter relative to our expectations. Surprisingly, all of the top-line increase in the Test segment was in the semiconductor market, with A&D test sales down in the quarter.”
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.5% and a 65.1% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.
Astronics Corp has an analyst consensus of Hold, with a price target consensus of $41.
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The company has a one-year high of $49.45 and a one-year low of $25.03. Currently, Astronics Corp has an average volume of 91.41K.
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Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace, and Test Systems segments.
