Fintel reports that on August 10, 2023, Wells Fargo maintained coverage of Atmus Filtration Technologies (NYSE:ATMU) with a Overweight recommendation.
Analyst Price Forecast Suggests 12.24% Upside
As of August 2, 2023, the average one-year price target for Atmus Filtration Technologies is 26.26. The forecasts range from a low of 24.24 to a high of $31.50. The average price target represents an increase of 12.24% from its latest reported closing price of 23.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Atmus Filtration Technologies is 1,512MM, a decrease of 6.59%. The projected annual non-GAAP EPS is 1.91.
What are Other Shareholders Doing?
Allspring Global Investments Holdings holds 461K shares representing 0.55% ownership of the company.
Bank Of Montreal holds 412K shares representing 0.49% ownership of the company.
TimesSquare Capital Management holds 364K shares representing 0.44% ownership of the company.
BLACKROCK LARGE CAP SERIES FUNDS, INC. - BlackRock Event Driven Equity Fund Investor A holds 349K shares representing 0.42% ownership of the company.
Peregrine Capital Management holds 336K shares representing 0.40% ownership of the company.
Additional reading:
- Press Release dated August 9, 2023.
- EXPLANATORY NOTE
- Report of Independent Registered Public Accounting Firm
- 2022 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.10 in the Current Report on Form 8-K of Atmus Filtration Technologies Inc. filed with the Commission on June 1, 2023).
- Credit Agreement, dated as of September 30, 2022, among FILT Red, Inc., Cummins Filtration Inc., the lenders party thereto, and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.11 in the Current Report on Form 8-K of Atmus Filtration Technologies Inc. filed with the Commission on June 1, 2023).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
