Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · IEX Real-Time Price · USD
191.93
+1.68 (0.88%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Applied Industrial Technologies Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for AIT stock have an average target of 201, with a low estimate of 174 and a high estimate of 235. The average target predicts an increase of 4.73% from the current stock price of 191.93.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 11, 2024.
Analyst Ratings
The average analyst rating for Applied Industrial Technologies stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 2 | 2 | 2 | 3 | 3 | 3 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 3 | 3 | 3 | 4 | 4 | 4 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Keybanc | Keybanc | Buy Maintains $195 → $210 | Buy | Maintains | $195 → $210 | +9.41% | Apr 11, 2024 |
Oppenheimer | Oppenheimer | Buy Initiates $235 | Buy | Initiates | $235 | +22.44% | Apr 2, 2024 |
Keybanc | Keybanc | Buy Maintains $182 → $195 | Buy | Maintains | $182 → $195 | +1.60% | Jan 26, 2024 |
Loop Capital | Loop Capital | Strong Buy Maintains $170 → $174 | Strong Buy | Maintains | $170 → $174 | -9.34% | Aug 14, 2023 |
Baird | Baird | Buy Maintains $161 → $185 | Buy | Maintains | $161 → $185 | -3.61% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
4.55B
from 4.41B
Increased by 3.11%
Revenue Next Year
4.75B
from 4.55B
Increased by 4.46%
EPS This Year
9.82
from 8.84
Increased by 11.05%
EPS Next Year
10.19
from 9.82
Increased by 3.76%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 4.7B | 5.0B | 5.2B |
Avg | 4.6B | 4.8B | 5.0B |
Low | 4.4B | 4.5B | 4.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 7.5% | 9.7% | 10.0% |
Avg | 3.1% | 4.5% | 4.8% |
Low | -0.1% | -0.4% | 0.8% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 10.22 | 10.73 | 11.71 |
Avg | 9.82 | 10.19 | 11.01 |
Low | 9.52 | 9.57 | 10.45 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 15.6% | 9.3% | 14.9% |
Avg | 11.1% | 3.8% | 8.1% |
Low | 7.6% | -2.5% | 2.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.