Actuant (ATU) Receives Coverage Optimism Rating of 0.03
Headlines about Actuant (NYSE:ATU) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Actuant earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.796853486946 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
ATU has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $29.00 target price on shares of Actuant in a report on Sunday, November 19th. Zacks Investment Research raised shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 target price on shares of Actuant in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Actuant in a report on Monday, October 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $25.00 target price (up previously from $23.00) on shares of Actuant in a report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.11.
Shares of Actuant (ATU) opened at $26.00 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. Actuant has a 52 week low of $21.60 and a 52 week high of $29.17. The company has a market cap of $1,539.19, a PE ratio of -23.42, a P/E/G ratio of 2.56 and a beta of 1.65.
In related news, VP Ted Wozniak sold 6,000 shares of the firm’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the sale, the vice president now owns 70,705 shares in the company, valued at $1,814,290.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
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Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
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