Barrington Research Reiterates $14.00 Price Target for Atento (ATTO)

Atento (NYSE:ATTO) received a $14.00 price objective from analysts at Barrington Research in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 128.01% from the company’s current price.

ATTO has been the subject of a number of other reports. Robert W. Baird lowered their target price on shares of Atento from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, July 30th. ValuEngine lowered shares of Atento from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research raised shares of Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Atento currently has an average rating of “Hold” and an average target price of $11.50.

NYSE ATTO opened at $6.14 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.26. The firm has a market cap of $466.37 million, a price-to-earnings ratio of 8.19, a PEG ratio of 0.60 and a beta of 0.14. Atento has a 52 week low of $5.45 and a 52 week high of $12.90.

Atento (NYSE:ATTO) last posted its quarterly earnings data on Monday, July 30th. The business services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $473.40 million during the quarter, compared to analyst estimates of $478.50 million. Atento had a negative net margin of 1.06% and a positive return on equity of 14.95%. Analysts predict that Atento will post 0.76 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Atento during the second quarter valued at $144,000. California Public Employees Retirement System boosted its stake in shares of Atento by 160.3% during the first quarter. California Public Employees Retirement System now owns 38,521 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 23,721 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Atento by 261.8% during the first quarter. Russell Investments Group Ltd. now owns 54,972 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 39,780 shares during the period. Citadel Advisors LLC boosted its stake in shares of Atento by 270.0% during the second quarter. Citadel Advisors LLC now owns 100,291 shares of the business services provider’s stock valued at $687,000 after purchasing an additional 73,183 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Atento by 179.5% during the first quarter. JPMorgan Chase & Co. now owns 121,721 shares of the business services provider’s stock valued at $949,000 after purchasing an additional 78,177 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

Atento Company Profile

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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