A statement released earlier today by Canaccord Genuity about Astronics Corporation (NASDAQ:ATRO) bumps the target price to $50.00
- Updated: September 26, 2016
Yesterday Astronics Corporation (NASDAQ:ATRO) traded 0.27% higher at $43.95. The company’s 50-day moving average is $43.22 and its 200-day moving average is $38.14. The last stock close price is up 15.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 12,780 shares of the stock were exchanged, down from an average trading volume of 114,373
Canaccord Genuity upped the stock price target of Astronics Corporation (NASDAQ:ATRO) to $50.00 stating a possible upside of 0.14%.
Previously on 5/5/2016, Dougherty & Company reported about Astronics Corporation (NASDAQ:ATRO) raised the target price from $50.00 to $52.00. At the time, this indicated a possible upside of 0.48%.
With a total market value of $0, Astronics Corporation has price-earnings ratio of 17.80 with a one year low of $24.75 and a one year high of $48.00 .
A total of 5 equity analysts have released a ratings update on ATRO. Two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.20.
Brief Synopsis About Astronics Corporation (NASDAQ:ATRO)
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company's products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems. The Company operates through two segments: Aerospace and Test Systems. The Company's Aerospace segment designs and manufactures products for the global aerospace industry. Its product lines include lighting and safety systems, electrical power generation, distribution and motions systems, aircraft structures, avionics products, systems certification and other products. The Company's Test Systems segment designs, develops, manufactures and maintains automated test systems that support the semiconductor, aerospace, communications and weapons test systems, as well as training and simulation devices for both commercial and military applications.
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