Altra Industrial Motion (AIMC) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Altra Industrial Motion (NASDAQ:AIMC) from a sell rating to a hold rating in a research note issued to investors on Thursday.
Other analysts also recently issued reports about the stock. TheStreet downgraded shares of Altra Industrial Motion from a b- rating to a c+ rating in a research note on Wednesday, December 12th. Zacks Investment Research raised shares of Altra Industrial Motion from a strong sell rating to a hold rating in a research note on Monday, December 31st. Finally, ValuEngine raised shares of Altra Industrial Motion from a strong sell rating to a sell rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $49.25.
Shares of NASDAQ:AIMC opened at $30.19 on Thursday. Altra Industrial Motion has a 52-week low of $23.52 and a 52-week high of $47.40. The firm has a market capitalization of $1.95 billion, a P/E ratio of 10.56 and a beta of 1.87. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, March 15th. Altra Industrial Motion’s dividend payout ratio is presently 23.78%.
About Altra Industrial Motion
Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.
Featured Story: How to track put option volume
Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.