The Analyst Verdict: Atmus Filtration Techs In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Atmus Filtration Techs (NYSE:ATMU) has received updated analyst ratings, with a consensus leaning towards 'Somewhat Bullish'. Over the past quarter, 4 analysts have provided ratings, with recent updates showing an increase in price targets, indicating a positive outlook on the stock. The average 12-month price target is now $34.25, up from $30.33, with JP Morgan and Baird analysts adjusting their targets upwards. The company's financial performance shows strong profitability and asset utilization, with a notable ROE of 60.47% and ROA of 3.29%, despite a high debt-to-equity ratio of 7.76.
April 15, 2024 | 1:00 pm
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POSITIVE IMPACT
Atmus Filtration Techs has seen a positive shift in analyst sentiment, with an upward revision in price targets suggesting a bullish outlook. Financial indicators such as ROE and ROA are strong, although a high debt-to-equity ratio presents a risk.
The increase in price targets by analysts, including those from JP Morgan and Baird, reflects a growing confidence in Atmus Filtration Techs's market position and financial health. The company's strong profitability metrics, such as ROE and ROA, support this positive outlook, although its high debt-to-equity ratio is a factor that investors should monitor. The consensus among analysts towards a 'Somewhat Bullish' stance, combined with the company's solid financial performance, suggests a potential short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100