In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on Altra Industrial Motion (AIMC – Research Report), with a price target of $52.00. The company’s shares closed yesterday at $39.09.
According to TipRanks, Blair is a 5-star analyst with an average return of 16.0% and a 56.31% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Pentair, and Carlisle Companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altra Industrial Motion with a $52.00 average price target, which is a 33.03% upside from current levels. In a report released on August 25, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $58.00 price target.
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Based on Altra Industrial Motion’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $498.1 million and a net profit of $26.3 million. In comparison, last year the company earned a revenue of $488.6 million and had a net profit of $40.8 million
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Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.
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