Market Overview

Early Bird Capital Initiates Coverage on Astronics (ATRO)


Early Bird Capital initiated coverage of Astronics (NASDAQ: ATRO). In a research report published today, Early Bird put a Hold rating on Astronics. It does not have a price target on the company, however.

In the report, Early Bird states, "Currently we are very bullish on the aerospace cycle and all of its suppliers. Given ATRO's positioning to the aerospace cycle (commercial - 56% of 2010 sales and business jets – 12% of 2010A sales); we believe ATRO is well positioned. That said, it appears that many view ATRO the same as we do as the stock has performed very well (up about 24% YTD) and is currently not trading at its usual discount to the group. We see no reason why that should change and we believe at 7.2x forward EBITDA that shares of ATRO are fully valued."

On Monday, Astronics lost 4.53% of its value to close the day at $26.23.


Related Articles (ATRO)

View Comments and Join the Discussion!

Posted-In: Astronics Early Bird CapitalAnalyst Color Initiation Analyst Ratings

Latest Ratings

ASMLWells FargoMaintains430.0
SAPRBC CapitalMaintains150.0
CMGCredit SuisseMaintains1,150.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at