BMO Capital analyst Scott Graham reiterated a Buy rating on Altra Holdings (NASDAQ: AIMC) yesterday and set a price target of $59. The company’s shares closed yesterday at $45.45.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 8.6% and a 66.0% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Flowserve Corp, and AO Smith Corp.
Altra Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $55.50, representing a 22.1% upside. In a report issued on July 16, Robert W. Baird also reiterated a Buy rating on the stock with a $52 price target.
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The company has a one-year high of $53.70 and a one-year low of $40.45. Currently, Altra Holdings has an average volume of 122.6K.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
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Altra Industrial Motion Corp. designs, produces and markets mechanical power transmission products. It operates through the following segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing.
