Thomson Reuters/Verus downgraded shares of Astronics Corp. (NASDAQ:ATRO) from a buy rating to a hold rating in a research note released on Monday morning, American Banking and Market News reports.
A number of other analysts have also recently weighed in on ATRO. Analysts at Zacks downgraded shares of Astronics Corp. from a neutral rating to an underperform rating in a research note to investors on Friday, November 1st. They now have a $47.10 price target on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Astronics Corp. from $48.33 to $60.00 in a research note to investors on Wednesday, October 30th. They now have a buy rating on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of Astronics Corp. from $55.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a buy rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $46.78.
Shares of Astronics Corp. (NASDAQ:ATRO) opened at 52.60 on Monday. Astronics Corp. has a 1-year low of $16.0929 and a 1-year high of $52.76. The stock’s 50-day moving average is $48.66 and its 200-day moving average is $38.56. The company has a market cap of $922.8 million and a price-to-earnings ratio of 29.88.
Astronics Corp. (NASDAQ:ATRO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.01. The company had revenue of $89.68 million for the quarter, compared to the consensus estimate of $92.91 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis. On average, analysts predict that Astronics Corp. will post $1.69 earnings per share for the current fiscal year.
Manufactures technical, packaging and business equipment products. Technical products include electroluminescent lamps, panels, fiberglass assemblies and related systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.