In a report released today, Scott Graham from BMO Capital maintained a Hold rating on Actuant (NYSE: ATU), with a price target of $27. The company’s shares closed yesterday at $29.05, close to its 52-week high of $30.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.9% and a 63.3% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Flowserve Corp, Trimas Corp, and Ametek Inc.
Actuant has an analyst consensus of Moderate Buy, with a price target consensus of $30.33.
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The company has a one-year high of $30 and a one-year low of $21.50. Currently, Actuant has an average volume of 464.4K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATU in relation to earlier this year.
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Actuant Corp. is a diversified industrial company, which engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through three segments: Industrial, Energy, and Engineered Solutions.
