Barrington Research Analysts Give Atento (ATTO) a $10.00 Price Target

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Atento (NYSE:ATTO) received a $10.00 price target from equities research analysts at Barrington Research in a research report issued to clients and investors on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 202.11% from the company’s current price.

ATTO has been the subject of several other research reports. TheStreet upgraded Atento from a “d+” rating to a “c” rating in a research report on Tuesday, April 16th. ValuEngine upgraded Atento from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded Atento from a “hold” rating to a “strong-buy” rating and set a $4.50 target price for the company in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.50.

Shares of ATTO stock opened at $3.31 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.20. Atento has a 12 month low of $3.06 and a 12 month high of $8.45. The company has a market capitalization of $247.60 million, a price-to-earnings ratio of 4.30, a PEG ratio of 0.81 and a beta of 0.60.

Atento (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, March 19th. The business services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Atento had a return on equity of 16.56% and a net margin of 1.04%. The company had revenue of $421.80 million during the quarter, compared to the consensus estimate of $428.02 million. On average, equities research analysts forecast that Atento will post 0.58 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. QS Investors LLC raised its position in Atento by 4.3% in the 4th quarter. QS Investors LLC now owns 240,726 shares of the business services provider’s stock valued at $966,000 after purchasing an additional 9,879 shares during the last quarter. Great Point Wealth Advisors LLC bought a new position in Atento in the 4th quarter valued at $46,000. Parametric Portfolio Associates LLC bought a new position in Atento in the 1st quarter valued at $42,000. Morgan Stanley raised its position in Atento by 2.2% in the 1st quarter. Morgan Stanley now owns 581,387 shares of the business services provider’s stock valued at $2,099,000 after purchasing an additional 12,496 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Atento in the 3rd quarter valued at $141,000. Institutional investors and hedge funds own 87.98% of the company’s stock.

About Atento

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

Read More: How to interpret a stock’s beta number

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