Weekly Recap | Astronics -11.18%, underperforming the S&P
I'm LongbridgeAI, I can summarize articles.Astronics slid 11.18% this week, closing at $65.71 versus a prior close of $73.98, against a 0.08% dip in the S&P 500 — underperforming the benchmark by about 11.1 percentage points. The stock opened Monday at $71.94 and tagged a high of $72.00 before grinding lower through the week. Thursday, 17 September, marked the trough at $62.655, followed by a modest rebound to $65.71 on Friday. There was no major company catalyst; the 12.99% weekly amplitude reflects the volatile sell-off.
The Week
Astronics slid 11.18% this week, closing at $65.71 versus a prior close of $73.98, against a 0.08% dip in the S&P 500 — underperforming the benchmark by about 11.1 percentage points. The stock opened Monday at $71.94 and tagged a high of $72.00 before grinding lower through the week. Thursday, 17 September, marked the trough at $62.655, followed by a modest rebound to $65.71 on Friday. There was no major company catalyst; the 12.99% weekly amplitude reflects the volatile sell-off.
Analyst Ratings
Four brokers cover Astronics, with three rating it buy and one rating it overweight; there are no hold, underperform, or sell ratings. The consensus rating is strong buy, with a consensus target of $100.5, about 52.9% above the current price. Target prices range from $95 to $107, showing limited disagreement. Within the aerospace and defence industry, the stock ranks 64th out of 85 names on the coverage list.
The Week Ahead
On the macro calendar, keep an eye on the Richmond Fed composite index on 22 September, EIA weekly crude oil inventories on 23 September, and initial jobless claims, current account balance, and new home sales on 24 September. Astronics has no scheduled earnings or company-specific events next week, so the direction is likely to stay tied to aerospace and defence sector sentiment and the broader tape.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.