Actuant Corporation (NYSE:ATU) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.78 by 9 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Topeka Capital initiates coverage on Actuant Corporation (NYSE:ATU) The shares have been rated Hold. The rating by the firm was issued on May 26, 2016.
Actuant Corporation (NYSE:ATU) should head towards $22 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $20 per share. The higher price estimate target is at $23 according to the Analysts.
Actuant Corporation (NYSE:ATU) witnessed a decline in the market cap on Tuesday as its shares dropped 0.77% or 0.21 points. After the session commenced at $27.21, the stock reached the higher end at $27.31 while it hit a low of $26.77. With the volume soaring to 1,402,669 shares, the last trade was called at $27.05. The company has a 52-week high of $27.71. The company has a market cap of $1,593 million and there are 58,880,671 shares in outstanding. The 52-week low of the share price is $17.02.
Shares of Actuant Corporation rose by 4.08% in the last five trading days and 4.68% for the last 4 weeks. Actuant Corporation is up 10.59% in the last 3-month period. Year-to-Date the stock performance stands at 12.9%.
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.