Analyst Expectations For Atmus Filtration Techs's Future
In the preceding three months, 7 analysts have released ratings for Atmus Filtration Techs (NYSE:ATMU), presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $34.86, along with a high estimate of $38.00 and a low estimate of $29.00. This current average reflects an increase of 11.84% from the previous average price target of $31.17.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Atmus Filtration Techs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph O'Dea | Wells Fargo | Lowers | Overweight | $36.00 | $37.00 |
| Robert Mason | Baird | Raises | Outperform | $37.00 | $29.00 |
| Jerry Revich | Goldman Sachs | Raises | Buy | $34.00 | $30.00 |
| Tami Zakaria | JP Morgan | Raises | Overweight | $38.00 | $36.00 |
| Tami Zakaria | JP Morgan | Raises | Overweight | $36.00 | $27.00 |
| Bobby Brooks | Northland Capital Markets | Announces | Outperform | $34.00 | - |
| Robert Mason | Baird | Raises | Outperform | $29.00 | $28.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Atmus Filtration Techs. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Atmus Filtration Techs compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Atmus Filtration Techs's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Atmus Filtration Techs's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Atmus Filtration Techs analyst ratings.
About Atmus Filtration Techs
Atmus Filtration Technologies Inc manufactures filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide asset protection. It designs, manufactures, and sells filters, coolants, and chemical products. Atmus offers products for first-fit and aftermarket applications including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.
Atmus Filtration Techs: Delving into Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Atmus Filtration Techs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.76% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Atmus Filtration Techs's net margin excels beyond industry benchmarks, reaching 8.71%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Atmus Filtration Techs's ROE excels beyond industry benchmarks, reaching 60.47%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.29%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 7.76, Atmus Filtration Techs faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.