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 $0.34 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 $28.54, and stock is trading $0.19 points away or +0.68% from its 50-day moving average of $28.54. Further it is trading $1.48 or +5.42% away its 200-day moving average of $27.25. 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 $-1.27, it will post a 52-week high. In event of +39.81% 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 21.62.

The stock last ended the trading session at $28.73 and registered a market cap of $744.22M. 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 1.28.

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