Altra Industrial Motion (AIMC) – Analysts’ Weekly Ratings Updates

Altra Industrial Motion (NASDAQ: AIMC) recently received a number of ratings updates from brokerages and research firms:

  • 3/14/2018 – Altra Industrial Motion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “In the last month, Altra Industrial's shares outperformed the industry. We believe that the company is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. Recently, it agreed to combine its operations with four companies of Automation and Specialty business of Fortive Corporation. The combined business will a global leader in motion control and power transmission and will have revenues of $1.8 billion. Also, the company's restructuring and cost-saving strategies will be beneficial. For 2018, the company anticipates net sales to be within $895-$915 million range, up from $876.7 million generated in 2017. Non-GAAP earnings will likely be $2.30-$2.43 per share versus $2.05 in 2017. Earnings estimate on the stock improved for 2018 in the last 60 days.”
  • 3/9/2018 – Altra Industrial Motion was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/8/2018 – Altra Industrial Motion was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
  • 3/8/2018 – Altra Industrial Motion had its “buy” rating reaffirmed by analysts at Stephens. They now have a $52.00 price target on the stock.
  • 2/26/2018 – Altra Industrial Motion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We believe that Altra Industrial is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. Also, the company's restructuring and cost-saving strategies will be beneficial. In fourth-quarter 2017, the company's earnings grew 14.6% year over year while revenues advanced 29.4%. Stromag acquisition added 20.3% to net sales growth in the quarter. For 2018, the company anticipates net sales to be within $895-$915 million range, up from $876.7 million generated in 2017. Non-GAAP earnings will likely be $2.30-$2.43 per share versus $2.05 in 2017. However, in the last three months, the company’s shares underperformed the industry. Also, the company is exposed to risks arising from high debt levels, stiff competition, geopolitical issues as well as adverse foreign currency movements.”
  • 2/23/2018 – Altra Industrial Motion had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $58.00 price target on the stock, down previously from $61.00.
  • 2/23/2018 – Altra Industrial Motion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “We believe that Altra Industrial is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. Also, the company's restructuring and cost-saving strategies will be beneficial. In fourth-quarter 2017, the company's earnings grew 14.6% year over year while revenues advanced 29.4%. Stromag acquisition added 20.3% to net sales growth in the quarter. For 2018, the company anticipates benefiting from the improvements in the majority of the end markets. Net sales are anticipated to be within $895-$915 million range, up from $876.7 million generated in 2017, while non-GAAP earnings will likely be $2.30-$2.43 per share versus $2.05 in 2017. However, in the last three months, the company’s shares underperformed the industry.”
  • 2/22/2018 – Altra Industrial Motion had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $50.00 price target on the stock, down previously from $54.00.
  • 2/22/2018 – Altra Industrial Motion had its “buy” rating reaffirmed by analysts at Stephens. They now have a $56.00 price target on the stock, down previously from $58.00.
  • 2/14/2018 – Altra Industrial Motion was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/9/2018 – Altra Industrial Motion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We believe that Altra Industrial is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. For instance, the Stromag acquisition is predicted to be earnings accretive in 2017. Also, the company has been progressing well on its restructuring and cost-saving strategies. For 2017 (results pending), the company increased its revenue guidance to $860-$870 million from the previous projection of $850-$865 million. Non-GAAP earnings are anticipated to be within $2.00-$2.06 per share, up from the earlier forecast of $1.95-$2.05. However, the company is exposed to risks arising from high debt levels, stiff competition, geopolitical issues as well as adverse foreign currency movements. In the last three months, the company's shares have underperformed the industry.”
  • 2/8/2018 – Altra Industrial Motion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “We believe that Altra Industrial is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. For instance, the Stromag acquisition is predicted to be earnings accretive in 2017. Also, the company has been progressing well on its restructuring and cost-saving strategies. For 2017 (results not yet released), the company increased its revenue guidance to $860-$870 million from the previous projection of $850-$865 million. Non-GAAP earnings are anticipated to be within $2.00-$2.06 per share, up from the earlier forecast of $1.95-$2.05. Earnings estimates for 2018 have improved in the last 60 days. Despite these positives, the company's shares have underperformed the industry in the last three months.”
  • 2/5/2018 – Altra Industrial Motion was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/1/2018 – Altra Industrial Motion was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the month, Altra Industrial's shares have outperformed the industry. We believe that the company is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. For instance, the Stromag acquisition is predicted to be earnings accretive in 2017. Also, the company has been progressing well on its restructuring and cost-saving strategies. For 2017 (results pending), the company increased its revenue guidance to $860-$870 million from the previous projection of $850-$865 million. Non-GAAP earnings are anticipated to be within $2.00-$2.06 per share, up from the earlier forecast of $1.95-$2.05. However, the company is exposed to risks arising from high debt levels, stiff competition, geopolitical issues as well as adverse foreign currency movements.”
  • 1/22/2018 – Altra Industrial Motion was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “In the six months, Altra Industrial's shares have outperformed the industry. We believe that the company is poised to benefit from its solid product portfolio, exposure to diversified end markets, wide customer base and inorganic growth initiatives. For instance, the Stromag acquisition is predicted to be earnings accretive in 2017. Also, the company has been progressing well on its restructuring and cost-saving strategies. For 2017 (results not yet released), the company increased its revenue guidance to $860-$870 million from the previous projection of $850-$865 million. Non-GAAP earnings are anticipated to be within $2.00-$2.06 per share, up from the earlier forecast of $1.95-$2.05. Earnings estimates for 2018 have improved in the last 60 days.”

Altra Industrial Motion Corp (NASDAQ:AIMC) opened at $47.05 on Friday. Altra Industrial Motion Corp has a 52 week low of $36.50 and a 52 week high of $53.70. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1,411.87, a P/E ratio of 26.43 and a beta of 1.73.

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Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Altra Industrial Motion had a return on equity of 15.92% and a net margin of 5.87%. The business had revenue of $223.30 million during the quarter, compared to the consensus estimate of $214.70 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. equities analysts anticipate that Altra Industrial Motion Corp will post 2.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.68 annualized dividend and a yield of 1.45%. Altra Industrial Motion’s payout ratio is 38.20%.

In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total value of $165,750.00. Following the completion of the transaction, the vice president now directly owns 67,886 shares in the company, valued at approximately $3,394,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.

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