KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Actuant (NYSE: ATU) today and set a price target of $32. The company’s shares closed yesterday at $29.05, close to its 52-week high of $30.
According to TipRanks.com, Hammond is a 4-star analyst with an average return of 11.1% and a 58.5% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Sun Hydraulics Corp, Enpro Industries, and Colfax Corp.
Actuant has an analyst consensus of Hold, with a price target consensus of $28.50.
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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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
