Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · IEX Real-Time Price · USD
197.55
-0.33 (-0.17%)
Mar 28, 2024, 4:00 PM EDT - Market closed
Applied Industrial Technologies Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for AIT stock have an average target of 184.67, with a low estimate of 174 and a high estimate of 195. The average target predicts a decrease of -6.52% from the current stock price of 197.55.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jan 26, 2024.
Analyst Ratings
The average analyst rating for Applied Industrial Technologies stock from 3 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 2 | 2 | 2 | 2 | 2 | 2 |
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 | 3 | 3 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Keybanc | Keybanc | Buy Maintains $182 → $195 | Buy | Maintains | $182 → $195 | -1.29% | Jan 26, 2024 |
Loop Capital | Loop Capital | Strong Buy Maintains $170 → $174 | Strong Buy | Maintains | $170 → $174 | -11.92% | Aug 14, 2023 |
Baird | Baird | Buy Maintains $161 → $185 | Buy | Maintains | $161 → $185 | -6.35% | Aug 11, 2023 |
Keybanc | Keybanc | Buy Maintains $162 → $182 | Buy | Maintains | $162 → $182 | -7.87% | Aug 11, 2023 |
Baird | Baird | Buy Maintains $160 → $161 | Buy | Maintains | $160 → $161 | -18.50% | Apr 28, 2023 |
Financial Forecast
Revenue This Year
4.55B
from 4.41B
Increased by 3.13%
Revenue Next Year
4.75B
from 4.55B
Increased by 4.28%
EPS This Year
9.76
from 8.84
Increased by 10.43%
EPS Next Year
10.18
from 9.76
Increased by 4.26%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 4.8B | 5.0B | 5.2B |
Avg | 4.6B | 4.7B | 5.0B |
Low | 4.4B | 4.6B | 4.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 7.7% | 9.1% | 9.2% |
Avg | 3.1% | 4.3% | 5.1% |
Low | -0.8% | 0.9% | 1.9% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 10.15 | 10.71 | 11.34 |
Avg | 9.76 | 10.18 | 10.91 |
Low | 9.47 | 9.81 | 10.58 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 14.9% | 9.7% | 11.4% |
Avg | 10.4% | 4.3% | 7.2% |
Low | 7.1% | 0.5% | 4.0% |
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.