What is Wall Street's Target Price for Altus Midstream Co (ALTM) Stock Monday?

Monday, November 29, 2021 09:59 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Altus Midstream Co (ALTM) Stock Monday?

Wall Street is neutral on Altus Midstream Co (ALTM). On average, analysts give the stock a Hold rating. The average price target is $70, which means analysts expect the stock to rise by 7.87% over the next twelve months. That average ranking earns the stock an Analyst Rating of 4, which is better than 4% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating ALTM a Hold today. Find out what this means to you and get the rest of the rankings on ALTM!

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Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Altus Midstream Co Stock Today?

Altus Midstream Co (ALTM) stock is lower by -3.37% while the S&P 500 is higher by 0.94% as of 9:56 AM on Monday, Nov 29. ALTM has fallen -$2.27 from the previous closing price of $67.16 on volume of 11,223 shares. Over the past year the S&P 500 is higher by 28.06% while ALTM is higher by 65.87%. ALTM earned $2.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 31.87. Click Here to get the full Stock Report for Altus Midstream Co stock.