Atento S.A. (ATTO) Given “Buy” Rating at Robert W. Baird
Atento S.A. (NYSE:ATTO)‘s stock had its “buy” rating reissued by Robert W. Baird in a report released on Sunday. They currently have a $15.00 target price on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 29.87% from the stock’s previous close.
A number of other equities analysts also recently commented on ATTO. Bank of America Corporation upped their target price on Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Thursday, July 27th. Barrington Research upped their target price on Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 21st. BidaskClub downgraded Atento from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Finally, ValuEngine upgraded Atento from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.50.
Shares of Atento (NYSE:ATTO) opened at 11.55 on Friday. Atento has a 12 month low of $6.85 and a 12 month high of $12.30. The stock’s 50 day moving average is $11.81 and its 200 day moving average is $10.91. The firm has a market cap of $853.65 million, a P/E ratio of 47.34 and a beta of 0.03.
Atento (NYSE:ATTO) last announced its quarterly earnings data on Monday, August 14th. The business services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $473.70 million during the quarter, compared to the consensus estimate of $464.12 million. Atento had a net margin of 0.99% and a return on equity of 11.96%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Equities research analysts expect that Atento will post $0.76 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Atento during the second quarter valued at approximately $115,000. Sei Investments Co. raised its holdings in shares of Atento by 402.0% during the second quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 11,800 shares in the last quarter. Quantum Capital Management raised its holdings in shares of Atento by 1.1% during the second quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 178 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Atento during the second quarter valued at approximately $611,000. Finally, Morgan Stanley raised its holdings in shares of Atento by 51.8% during the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock valued at $1,580,000 after acquiring an additional 58,924 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.
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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