Dougherty & Co Raises Astronics to Buy (ATRO)
Astronics (NASDAQ: ATRO) was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $41.00 price target on the stock, up from their previous price target of $32.00.
A number of other analysts have also recently weighed in on ATRO. Analysts at Auriga reiterated a “buy” rating on shares of Astronics in a research note to investors on Monday.
Astronics opened at 32.62 on Wednesday. Astronics has a 1-year low of $23.41 and a 1-year high of $38.02. The company has a market cap of $403.1 million and a price-to-earnings ratio of 19.53.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.46 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.44 EPS by $0.02. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts expect that Astronics will post $0.49 EPS next quarter.
Astronics Corporation is a supplier of products to the aerospace and defense industries. The Company’s products include lighting systems, electrical power generation systems, aircraft safety systems and electrical power distribution systems for the global aerospace industry, as well as test, training and simulation systems primarily for the military.