BMO Capital analyst Scott Graham reiterated a Buy rating on Altra Holdings (AIMC) on November 16 and set a price target of $45. The company’s shares closed yesterday at $31.81, close to its 52-week low of $30.82.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 6.6% and a 60.8% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, AO Smith Corp, and Regal Beloit.
Altra Holdings has an analyst consensus of Strong Buy, with a price target consensus of $47.
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Based on Altra Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $12.31 million. In comparison, last year the company had a net profit of $13.28 million.
Based on the recent corporate insider activity of 66 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 AIMC in relation to earlier this year.
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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.
