Actuant Corporation (ATU) Receives Price Target

Actuant Corporation (ATU) : The most positive equity analysts on Actuant Corporation (ATU) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $23 with an expected fluctuation of $2.55 from the mean.

Actuant Corporation (ATU) : 9 analysts are covering Actuant Corporation (ATU) and their average rating on the stock is 2.67, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Actuant Corporation (ATU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Actuant Corporation (NYSE:ATU): The stock opened at $23.84 on Thursday but the bulls could not build on the opening and the stock topped out at $23.84 for the day. The stock traded down to $23.41 during the day, due to lack of any buying support eventually closed down at $23.77 with a loss of -0.25% for the day. The stock had closed at $23.83 on the previous day. The total traded volume was 199,204 shares.

Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as, a variety of other products to the industrial and agricultural markets.

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