SunTrust Robinson Sticks to Its Hold Rating for Actuant (ATU)

By Jason Carr

In a report released today, Charles Brady from SunTrust Robinson reiterated a Hold rating on Actuant (ATUResearch Report), with a price target of $22. The company’s shares closed yesterday at $20.57, close to its 52-week low of $19.07.

According to TipRanks.com, Brady is a 3-star analyst with an average return of 2.0% and a 48.0% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Thermon Group Holdings Inc, and Circor International.

The word on The Street in general, suggests a Hold analyst consensus rating for Actuant with a $25 average price target, which is a 21.5% upside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Hold rating on the stock with a $26 price target.

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The company has a one-year high of $31 and a one-year low of $19.07. Currently, Actuant has an average volume of 399.8K.

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Actuant Corp. is a diversified industrial company, which engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through the Industrial Tools and Services; and Engineered Components and Systems segments.