JPMorgan Chase & Co. Raises Atmus Filtration Technologies (NYSE:ATMU) Price Target to $36.00

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) had its price target increased by JPMorgan Chase & Co. from $27.00 to $36.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 22.03% from the company’s previous close.

ATMU has been the topic of a number of other research reports. Robert W. Baird increased their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Wednesday, March 20th. Finally, Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Buy” and an average price target of $30.40.

Read Our Latest Stock Report on ATMU

Atmus Filtration Technologies Trading Up 3.3 %

NYSE ATMU opened at $29.50 on Monday. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $29.79. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The company’s 50 day simple moving average is $23.49 and its 200 day simple moving average is $22.33.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The firm had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $384.55 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. Atmus Filtration Technologies’s revenue was up 3.8% on a year-over-year basis. On average, analysts anticipate that Atmus Filtration Technologies will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $48,000. Tower Research Capital LLC TRC bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $60,000. Strs Ohio bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $72,000. New York State Common Retirement Fund bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $73,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $119,000. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

(Get Free Report)

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.

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Analyst Recommendations for Atmus Filtration Technologies (NYSE:ATMU)

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