While Atmus Filtration Technologies Inc has underperformed by -0.95%, investors are advised to look at stock chart patterns for technical insight.
On January 24, 2024, Northland Capital started tracking Atmus Filtration Technologies Inc (NYSE: ATMU) recommending Market Perform. A report published by Wells Fargo on June 20, 2023, Initiated its previous ‘Overweight’ rating for ATMU. Robert W. Baird also rated ATMU shares as ‘Outperform’, setting a target price of $24 on the company’s shares in an initiating report dated June 20, 2023. JP Morgan Initiated an Overweight rating on June 20, 2023, and assigned a price target of $28. Goldman initiated its ‘Buy’ rating for ATMU, as published in its report on June 20, 2023. BofA Securities’s report from June 20, 2023 suggests a price prediction of $25 for ATMU shares, giving the stock a ‘Buy’ rating.
Analysis of Atmus Filtration Technologies Inc (ATMU)
Further, the quarter-over-quarter decrease in sales is -0.37%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Atmus Filtration Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.58M can be a very valuable indicator of volatility for ATMU stock. On a monthly basis, the volatility of the stock is set at 4.39%, whereas on a weekly basis, it is put at 2.79%, with a loss of -2.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.50, showing growth from the present price of $32.32, which can serve as yet another indication of whether ATMU is worth investing in or should be passed over.
How Do You Analyze Atmus Filtration Technologies Inc Shares?
The USA based company Atmus Filtration Technologies Inc (ATMU) is one of the biggest names in Pollution & Treatment Controls. When comparing Atmus Filtration Technologies Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.72, there is a growth in quarterly earnings of -31.12%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.79% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATMU shares are owned by institutional investors to the tune of 32.79% at present.
