Wells Fargo & Co. downgraded Actuant Corporation (NYSE:ATU) to Market Perform in a statement released earlier today.
- Updated: October 6, 2016
Wells Fargo & Co. has downgraded Actuant Corporation (NYSE:ATU) to Market Perform in a statement released on 10/7/2016.
Boasting a price of $23.98, Actuant Corporation (NYSE:ATU) traded -2.29% lower on the day. With the last stock price close down -4.44% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Actuant Corporation has recorded a 50-day average of $23.23 and a two hundred day average of $24.52. Volume of trade was down over the average, with 33,997 shares of ATU changing hands under the typical 526,691
With a total market value of $0, Actuant Corporation has with a one year low of $20.49 and a one year high of $27.71 .
A total of 7 equity analysts have released a ratings update on Actuant Corporation. One brokerage rating the company a strong buy, one brokerage rating the company a buy, nine brokerages rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $23.57.
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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