ALLETE, Inc. (ALE)
NYSE: ALE · IEX Real-Time Price · USD
61.67
-0.47 (-0.76%)
Jul 2, 2024, 4:00 PM EDT - Market closed
ALLETE Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for ALLETE stock have an average target of 62, with a low estimate of 58 and a high estimate of 67. The average target predicts an increase of 0.54% from the current stock price of 61.67.
Analyst Consensus: Hold
* Price targets were last updated on May 16, 2024.
Analyst Ratings
The average analyst rating for ALLETE stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold Maintains $57 → $67 | Hold | Maintains | $57 → $67 | +8.64% | May 16, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $57 → $59 | Hold | Maintains | $57 → $59 | -4.33% | Feb 21, 2024 |
| Guggenheim | Guggenheim | Strong Sell → Hold Upgrades $58 | Strong Sell → Hold | Upgrades | $58 | -5.95% | Jan 22, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $64 | Strong Buy → Hold | Downgrades | $64 | +3.78% | Jan 10, 2024 |
| Mizuho | Mizuho | Hold Maintains $64 → $58 | Hold | Maintains | $64 → $58 | -5.95% | Jul 21, 2023 |
Financial Forecast
Revenue This Year
1.71B
from 1.88B
Decreased by -8.87%
Revenue Next Year
1.78B
from 1.71B
Increased by 3.68%
EPS This Year
3.77
from 4.30
Decreased by -12.34%
EPS Next Year
4.15
from 3.77
Increased by 10.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.1B | 1.9B | 2.1B |
| Avg | 1.7B | 1.8B | 1.9B | 1.9B | 2.0B |
| Low | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.0% | 20.6% | 19.5% | 3.8% | 12.7% |
| Avg | -8.9% | 3.7% | 4.4% | -0.2% | 8.4% |
| Low | -18.9% | -7.4% | -5.1% | -3.1% | 5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.94 | 4.53 | 4.85 | 5.04 | 5.57 |
| Avg | 3.77 | 4.15 | 4.45 | 4.84 | 5.16 |
| Low | 3.62 | 3.90 | 4.14 | 4.68 | 4.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -8.4% | 20.1% | 16.9% | 13.3% | 15.0% |
| Avg | -12.3% | 10.1% | 7.2% | 8.7% | 6.7% |
| Low | -15.9% | 3.5% | -0.3% | 5.3% | -0.3% |
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.