In the last three months, 12 analysts have published ratings on Applied Industrial Techs AIT, offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 9 | 2 | 0 | 0 |
| Last 30D | 0 | 3 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $243.08, a high estimate of $285.00, and a low estimate of $210.00. This current average reflects an increase of 9.83% from the previous average price target of $221.33.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Applied Industrial Techs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sam Darkatsh | Raymond James | Raises | Outperform | $250.00 | $225.00 |
| Sabrina Abrams | B of A Securities | Raises | Neutral | $240.00 | $232.00 |
| Steve Barger | Keybanc | Raises | Overweight | $275.00 | $245.00 |
| Christopher Glynn | Oppenheimer | Raises | Outperform | $260.00 | $235.00 |
| Brett Linzey | Mizuho | Announces | Outperform | $285.00 | - |
| David Manthey | Baird | Raises | Outperform | $250.00 | $210.00 |
| Sabrina Abrams | B of A Securities | Announces | Neutral | $232.00 | - |
| Steve Barger | Keybanc | Raises | Overweight | $245.00 | $215.00 |
| Sam Darkatsh | Raymond James | Announces | Outperform | $225.00 | - |
| David Manthey | Baird | Raises | Outperform | $210.00 | $205.00 |
| Ken Newman | Keybanc | Raises | Overweight | $215.00 | $210.00 |
| Chris Dankert | Loop Capital | Raises | Buy | $230.00 | $215.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Applied Industrial Techs. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Applied Industrial Techs compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Applied Industrial Techs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Applied Industrial Techs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Applied Industrial Techs analyst ratings.
About Applied Industrial Techs
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
Understanding the Numbers: Applied Industrial Techs's Finances
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Applied Industrial Techs's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 0.22%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Applied Industrial Techs's net margin is impressive, surpassing industry averages. With a net margin of 8.92%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Applied Industrial Techs's ROE excels beyond industry benchmarks, reaching 6.16%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Applied Industrial Techs's ROA stands out, surpassing industry averages. With an impressive ROA of 3.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Applied Industrial Techs's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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