Actuant Corporation (NYSE:ATU) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded Actuant Corporation (NYSE:ATU) to Hold in a statement released on 11/29/2016.
Boasting a price of $26.15, Actuant Corporation (NYSE:ATU) traded 0.86% higher on the day. With the last close up 9.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. The company has recorded a 50-day moving average of $23.67 and a 200-day moving average of $24.07. 302,922 shares of the stock were exchanged, down from an average trading volume of 577,275
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Actuant Corporation has a 52 week low of $20.49 and a 52 week high of $27.71 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $23.57 with 1 equity analyst rating the company a strong buy, one equity analyst rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Actuant Corporation (NYSE:ATU)
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. The Company's Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company's Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.
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