Barrington Research Raises Atento S.A. (ATTO) Price Target to $16.00
Atento S.A. (NYSE:ATTO) had its price target hoisted by Barrington Research from $14.00 to $16.00 in a research report report published on Monday morning, MarketBeat reports. Barrington Research currently has an outperform rating on the business services provider’s stock.
A number of other equities analysts have also weighed in on the company. Bank of America Corporation upped their price objective on Atento from $11.00 to $13.00 and gave the stock a neutral rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Atento from a sell rating to a hold rating in a research note on Monday, June 26th. Finally, ValuEngine raised Atento from a hold rating to a buy rating in a research note on Friday, June 2nd.
Shares of Atento (NYSE ATTO) opened at 11.90 on Monday. Atento has a 12-month low of $6.85 and a 12-month high of $12.05. The stock’s 50 day moving average price is $11.63 and its 200-day moving average price is $10.02. The firm has a market cap of $879.52 million, a P/E ratio of 48.77 and a beta of 0.04.
Atento (NYSE:ATTO) last released its quarterly earnings results on Monday, August 14th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Atento had a net margin of 0.99% and a return on equity of 11.96%. The company had revenue of $473.70 million for the quarter, compared to the consensus estimate of $464.12 million. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Atento will post $0.80 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Newfoundland Capital Management raised its position in Atento by 204.3% in the first quarter. Newfoundland Capital Management now owns 1,622,880 shares of the business services provider’s stock worth $14,810,000 after buying an additional 1,089,635 shares during the period. Nationwide Fund Advisors raised its position in Atento by 9,883.2% in the first quarter. Nationwide Fund Advisors now owns 428,280 shares of the business services provider’s stock worth $3,919,000 after buying an additional 423,990 shares during the period. Wellington Management Group LLP raised its position in Atento by 16.6% in the first quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock worth $25,063,000 after buying an additional 390,573 shares during the period. Eidelman Virant Capital acquired a new position in Atento during the second quarter worth $2,523,000. Finally, Morgan Stanley raised its position in Atento by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock worth $1,580,000 after buying an additional 58,924 shares during the period. 95.73% of the stock is owned by hedge funds and other institutional investors.
Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.
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