Robert W. Baird analyst Michael Halloran maintained a Buy rating on Altra Industrial Motion (NASDAQ:AIMC) on Friday, setting a price target of $67, which is approximately 22.60% above the present share price of $54.65.
Halloran expects Altra Industrial Motion to post earnings per share (EPS) of $0.63 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Altra Industrial Motion, with an average price target of $70.67.
The analysts price targets range from a high of $73 to a low of $67.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $488.6 million and a net profit of $66.3 million. The company's market cap is $3.54 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Halloran is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.5% and a 74.68% success rate.
Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.