ALLETE, Inc. (ALE)
NYSE: ALE · IEX Real-Time Price · USD
59.70
-0.26 (-0.43%)
Apr 25, 2024, 11:54 AM EDT - Market open
ALLETE Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for ALLETE stock have an average target of 58.6, with a low estimate of 54 and a high estimate of 64. The average target predicts a decrease of -1.84% from the current stock price of 59.70.
Analyst Consensus: Hold
* Price targets were last updated on Feb 21, 2024.
Analyst Ratings
The average analyst rating for ALLETE stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 5 | 5 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $57 → $59 | Hold | Maintains | $57 → $59 | -1.17% | Feb 21, 2024 |
| Guggenheim | Guggenheim | Strong Sell → Hold Upgrades $58 | Strong Sell → Hold | Upgrades | $58 | -2.85% | Jan 22, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $64 | Strong Buy → Hold | Downgrades | $64 | +7.20% | Jan 10, 2024 |
| Mizuho | Mizuho | Hold Maintains $64 → $58 | Hold | Maintains | $64 → $58 | -2.85% | Jul 21, 2023 |
| Guggenheim | Guggenheim | Strong Sell Maintains $54 → $49 | Strong Sell | Maintains | $54 → $49 | -17.92% | Jul 7, 2023 |
Financial Forecast
Revenue This Year
1.76B
from 1.88B
Decreased by -6.59%
Revenue Next Year
1.81B
from 1.76B
Increased by 3.13%
EPS This Year
3.88
from 4.30
Decreased by -9.85%
EPS Next Year
4.23
from 3.88
Increased by 9.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.1B | 2.0B |
| Avg | 1.8B | 1.8B | 1.9B | 1.9B |
| Low | 1.5B | 1.6B | 1.7B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.0% | 17.7% | 17.2% | 7.2% |
| Avg | -6.6% | 3.1% | 3.9% | 1.1% |
| Low | -18.7% | -10.5% | -7.7% | -3.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.19 | 4.62 | 4.99 | 5.32 |
| Avg | 3.88 | 4.23 | 4.55 | 5.08 |
| Low | 3.65 | 3.90 | 4.17 | 4.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -2.6% | 19.2% | 17.9% | 16.9% |
| Avg | -9.9% | 9.2% | 7.6% | 11.5% |
| Low | -15.2% | 0.6% | -1.3% | 7.2% |
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.