Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $34.00 Average Price Target from Analysts

Atmus Filtration Technologies Inc. (NYSE:ATMUGet Free Report) has earned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $34.00.

ATMU has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, May 6th. The Goldman Sachs Group boosted their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Wednesday, March 20th.

Read Our Latest Stock Analysis on Atmus Filtration Technologies

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds have recently bought and sold shares of ATMU. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $26,000. Evermay Wealth Management LLC bought a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $32,000. Finally, Raymond James & Associates lifted its position in Atmus Filtration Technologies by 11.8% in the third quarter. Raymond James & Associates now owns 13,569 shares of the company’s stock valued at $283,000 after purchasing an additional 1,429 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 1.7 %

Shares of ATMU opened at $30.84 on Tuesday. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.27 and a current ratio of 2.00. The firm has a market cap of $2.57 billion and a P/E ratio of 15.73. Atmus Filtration Technologies has a fifty-two week low of $18.21 and a fifty-two week high of $33.70. The business has a 50-day moving average of $31.06 and a 200 day moving average of $25.95.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $426.60 million during the quarter, compared to analyst estimates of $416.18 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that Atmus Filtration Technologies will post 2.26 EPS for the current year.

About Atmus Filtration Technologies

(Get Free Report

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.

Further Reading

Analyst Recommendations for Atmus Filtration Technologies (NYSE:ATMU)

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