Atmus Filtration Technologies’ Stock Surpasses Analysts’ Target: What’s Next?
In recent trading, shares of Atmus Filtration Technologies Inc (Symbol: ATMU) have crossed above the average analyst 12-month target price of $38.57, changing hands for $39.60/share. When a stock reaches the price an analyst has set, they typically face two choices: downgrade based on valuation or adjust their target price higher. Analyst reactions may vary depending on underlying business developments driving the stock price up; positive trends could warrant a new target price.
There are seven different analyst targets within the Zacks coverage universe that contribute to the average price for Atmus Filtration Technologies Inc. However, this average is a calculation that encompasses two sides: some analysts hold lower targets, with one predicting a price of $34.00, while another analyst anticipates a high of $42.00. Notably, the standard deviation among these targets is $2.636.
Investors look at the average price target to leverage the “wisdom of the crowds” approach. This method combines various expert opinions into a single figure rather than relying solely on one view. With ATMU surpassing the average price target of $38.57/share, investors have been prompted to reassess the company and decide if the stock is on track for higher gains or if it’s time to consider selling a portion of their shares. Below is a table showing current analyst sentiments regarding Atmus Filtration Technologies Inc:
| Recent ATMU Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 6 | 6 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.14 | 1.14 | 1.14 | 1.14 |
The average rating shown in the table above is on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data used in this article is provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on ATMU — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
