Astronics (NASDAQ:ATRO) Stock Rating Upgraded by ValuEngine

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Astronics (NASDAQ:ATRO) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, ValuEngine reports.

Other equities analysts have also recently issued reports about the company. BidaskClub cut Astronics from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Dougherty & Co decreased their target price on Astronics from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. SunTrust Banks decreased their target price on Astronics to $26.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. TheStreet cut Astronics from a “b-” rating to a “c+” rating in a report on Monday, August 26th. Finally, Zacks Investment Research cut Astronics from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Astronics currently has a consensus rating of “Hold” and a consensus target price of $37.75.

Shares of Astronics stock opened at $29.83 on Thursday. Astronics has a one year low of $25.85 and a one year high of $44.34. The stock’s fifty day moving average is $29.79 and its 200 day moving average is $34.17. The stock has a market cap of $1.02 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.73 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.71 and a current ratio of 2.96.

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Astronics by 481.7% during the second quarter. Tower Research Capital LLC TRC now owns 733 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 607 shares during the period. New York State Teachers Retirement System bought a new stake in Astronics during the second quarter valued at about $76,000. Point72 Hong Kong Ltd bought a new stake in Astronics during the second quarter valued at about $88,000. Bank of Montreal Can raised its holdings in Astronics by 67.3% during the second quarter. Bank of Montreal Can now owns 2,622 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 1,055 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in Astronics during the third quarter valued at about $108,000. 67.17% of the stock is currently owned by institutional investors.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

See Also: Growth Stocks

To view ValuEngine’s full report, visit ValuEngine’s official website.

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