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Actuant (US:ATU) has been upgraded from Underweight to Neutral in a statement by JPMorgan earlier today.

JPMorgan has upgraded Actuant (US:ATU) from Underweight to Neutral in a report released on Wednesday June 21, 2017.

Yesterday Actuant (US:ATU) traded 1.37% higher at $22.25. The company’s 50-day moving average is $23.78 and its 200-day moving average is $25.29. The last stock close price is down 2.22% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 164,426 shares of ATU traded hands, down from an average trading volume of 478,756

Recent Performance Chart

Actuant (US:ATU)

Actuant has a 52 week low of $20.54 and a 52 week high of $29.80 with a P/E ratio of 30.77 The company’s market cap is currently $0.

In addition to JPMorgan reporting its target price, a total of 7 equity analysts have released a ratings update on ATU. The one year target is $23.57 with 1 broker rating the stock a strong buy, 1 broker rating the company a buy, nine analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.

More About Actuant (US: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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