Brokerages Set Atento S.A. (ATTO) PT at $14.33
Atento S.A. (NYSE:ATTO) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.33.
A number of research firms have commented on ATTO. BidaskClub downgraded shares of Atento from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Robert W. Baird reaffirmed a “buy” rating on shares of Atento in a research report on Tuesday, September 19th. ValuEngine raised shares of Atento from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barrington Research lifted their target price on shares of Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research raised shares of Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Thursday, July 27th.
A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in Atento by 16.6% in the 1st quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock worth $25,063,000 after purchasing an additional 390,573 shares during the period. Newfoundland Capital Management grew its position in Atento by 4.1% in the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock worth $18,837,000 after purchasing an additional 66,528 shares during the period. Royce & Associates LP grew its position in Atento by 5.7% in the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock worth $8,057,000 after purchasing an additional 38,700 shares during the period. Nationwide Fund Advisors grew its position in Atento by 26.3% in the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock worth $6,030,000 after purchasing an additional 112,564 shares during the period. Finally, Eidelman Virant Capital bought a new stake in Atento in the 2nd quarter worth approximately $2,523,000. 95.69% of the stock is owned by institutional investors and hedge funds.
Atento (ATTO) traded down 0.86% during trading on Friday, reaching $11.55. The company had a trading volume of 13,594 shares. The firm has a market capitalization of $853.65 million, a PE ratio of 47.34 and a beta of 0.03. The firm’s 50 day moving average price is $11.82 and its 200 day moving average price is $10.90. Atento has a 12-month low of $6.85 and a 12-month high of $12.30.
Atento (NYSE:ATTO) last posted its earnings results on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Atento had a return on equity of 11.96% and a net margin of 0.99%. The company had revenue of $473.70 million during the quarter, compared to the consensus estimate of $464.12 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Atento will post $0.76 EPS for the current year.
Atento Company Profile
Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.
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