TipRanksStock Market NewsAIMC NewsOppenheimer Sticks to Their Buy Rating for Altra Industrial Motion (AIMC)

Oppenheimer Sticks to Their Buy Rating for Altra Industrial Motion (AIMC)

Oppenheimer analyst Bryan Blair maintained a Buy rating on Altra Industrial Motion (AIMCResearch Report) today. The company’s shares closed last Tuesday at $49.36.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 20.6% and a 57.8% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.

Currently, the analyst consensus on Altra Industrial Motion is a Moderate Buy with an average price target of $66.00, which is a 33.7% upside from current levels. In a report issued on February 9, Robert W. Baird also maintained a Buy rating on the stock with a $66.00 price target.

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Based on Altra Industrial Motion’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $469 million and net profit of $35.4 million. In comparison, last year the company earned revenue of $438 million and had a net profit of $38.3 million.

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Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.

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