Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · IEX Real-Time Price · USD
200.99
+4.00 (2.03%)
May 20, 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 0.00% from the current stock price of 200.99.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 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 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $195 → $210 | Buy | Maintains | $195 → $210 | +4.48% | Apr 11, 2024 |
| Oppenheimer | Oppenheimer | Buy Initiates $235 | Buy | Initiates | $235 | +16.92% | Apr 2, 2024 |
| Keybanc | Keybanc | Buy Maintains $182 → $195 | Buy | Maintains | $182 → $195 | -2.98% | Jan 26, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $170 → $174 | Strong Buy | Maintains | $170 → $174 | -13.43% | Aug 14, 2023 |
| Baird | Baird | Buy Maintains $161 → $185 | Buy | Maintains | $161 → $185 | -7.96% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
4.55B
from 4.41B
Increased by 3.02%
Revenue Next Year
4.75B
from 4.55B
Increased by 4.40%
EPS This Year
9.76
from 8.84
Increased by 10.43%
EPS Next Year
10.20
from 9.76
Increased by 4.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.8B | 5.0B | 5.2B |
| Avg | 4.5B | 4.7B | 5.0B |
| Low | 4.4B | 4.6B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.7% | 9.2% | 9.2% |
| Avg | 3.0% | 4.4% | 5.1% |
| Low | -0.8% | 1.0% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.15 | 10.71 | 11.34 |
| Avg | 9.76 | 10.20 | 10.91 |
| Low | 9.47 | 9.81 | 10.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.9% | 9.7% | 11.2% |
| Avg | 10.4% | 4.4% | 7.0% |
| Low | 7.1% | 0.5% | 3.8% |
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.