JPMorgan Chase & Co. Boosts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $36.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target upped by JPMorgan Chase & Co. from $27.00 to $36.00 in a research note issued to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on the stock. Northland Securities upgraded shares of Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 target price for the company in a research report on Wednesday, March 20th. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an overweight rating in a research report on Tuesday, December 19th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and a consensus price target of $30.40.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $31.93 on Monday. The firm has a 50-day moving average of $24.02 and a 200-day moving average of $22.51. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $31.95.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The business had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $384.55 million. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts forecast that Atmus Filtration Technologies will post 2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. Amalgamated Bank bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $48,000. Tower Research Capital LLC TRC bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at $60,000. Strs Ohio bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $72,000. New York State Common Retirement Fund bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $73,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $119,000. 32.73% of the stock is owned by institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.