At the time of writing, Atmus Filtration Technologies Inc [ATMU] stock is trading at $32.70, up 0.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ATMU shares have gain 5.79% over the last week, with a monthly amount glided 12.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atmus Filtration Technologies Inc [NYSE: ATMU] stock has seen the most recent analyst activity on January 24, 2024, when Northland Capital initiated its Market Perform rating and assigned the stock a price target of $26. Previously, Wells Fargo started tracking the stock with Overweight rating on June 20, 2023, and set its price target to $24. On June 20, 2023, Robert W. Baird initiated with a Outperform rating and assigned a price target of $24 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $28 on June 20, 2023. Goldman initiated its recommendation with a Buy and recommended $30 as its price target on June 20, 2023. BofA Securities started tracking with a Buy rating for this stock on June 20, 2023, and assigned it a price target of $25.
For the past year, the stock price of Atmus Filtration Technologies Inc fluctuated between $18.21 and $33.70. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Atmus Filtration Technologies Inc [NYSE: ATMU] shares were valued at $32.70 at the most recent close of the market. An investor can expect a potential return of 8.56% based on the average ATMU price forecast.
Analyzing the ATMU fundamentals
According to Atmus Filtration Technologies Inc [NYSE:ATMU], the company’s sales were 1.66B for trailing twelve months, which represents an 4.59% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 1.68 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.27 points at the first support level, and at 31.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.33, and for the 2nd resistance point, it is at 33.96.
Ratios To Look Out For
It is important to note that Atmus Filtration Technologies Inc [NYSE:ATMU] has a current ratio of 2.07. Also, the Quick Ratio is 1.30, while the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 15.31 and price to earnings (TTM) ratio is 15.68.
Transactions by insiders
Recent insider trading involved Macadam Stephen E., Director, that happened on Aug 07 ’24 when 8250.0 shares were purchased. Director, Macadam Stephen E. completed a deal on Nov 09 ’23 to buy 5200.0 shares.
