Stock To Watch: Altra Industrial Motion Corp. (NASDAQ:AIMC)


The leading market experts have placed a mean price target of $31.80 on Altra Industrial Motion Corp. (NASDAQ:AIMC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $1.49 for the current fiscal. Technical View The technical analysis of Altra Industrial Motion Corp. plainly substantiates that the 50-day moving average of Altra Industrial Motion Corp. is $27.68, and stock is hovering 0.98 or +3.55% distant from $27.68. It is noted that the 200-day MA is $26.03, and Altra Industrial Motion Corp. stock is $2.63 or +10.11% off from this point. Altra Industrial Motion Corp. (NASDAQ:AIMC) 52-week high is $30.00 and the 52-week low is $20.55. This explains if the stock moves $-1.34, it will post a 52-week high. In event of $+39.46% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Altra Industrial Motion Corp., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Altra Industrial Motion Corp. (NASDAQ:AIMC) ratio came in at 21.39. The stock last ended the trading session at $28.66 and registered a market cap of $744.27M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Altra Industrial Motion Corp. (NASDAQ:AIMC) PEG ratio is at 1.27.

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