Atento (ATTO) Given New $8.00 Price Target at Robert W. Baird

Atento (NYSE:ATTO) had its target price dropped by equities researchers at Robert W. Baird from $10.00 to $8.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 29.03% from the stock’s current price.

A number of other analysts have also weighed in on the stock. ValuEngine raised shares of Atento from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Zacks Investment Research raised shares of Atento from a “strong sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, Barrington Research reissued a “buy” rating and issued a $14.00 price target on shares of Atento in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Atento presently has an average rating of “Hold” and a consensus target price of $10.83.

Shares of NYSE ATTO traded down $0.10 during mid-day trading on Thursday, hitting $6.20. 2,410 shares of the stock were exchanged, compared to its average volume of 80,405. The firm has a market cap of $457.50 million, a price-to-earnings ratio of 8.27, a PEG ratio of 0.97 and a beta of 0.44. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.26. Atento has a twelve month low of $5.45 and a twelve month high of $11.47.

A number of hedge funds have recently made changes to their positions in ATTO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Atento during the second quarter worth $144,000. California Public Employees Retirement System boosted its position 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 worth $300,000 after purchasing an additional 23,721 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 worth $429,000 after purchasing an additional 39,780 shares in the last quarter. Citadel Advisors LLC boosted its position 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 worth $687,000 after purchasing an additional 73,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 worth $949,000 after purchasing an additional 78,177 shares in the last quarter. 92.38% of the stock is currently owned by hedge funds and other institutional investors.

About Atento

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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