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Applied Industrial Technologies (AIT) Stock Forecast & Price Target

$207.55
-1.18 (-0.57%)
(As of 07/18/2024 ET)

Applied Industrial Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Applied Industrial Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 1 has given a hold rating, and 4 have given a buy rating for AIT.

Consensus Price Target

$201.00
-3.16% Downside
High Forecast$235.00
Average Forecast$201.00
Low Forecast$174.00

According to the 5 analysts' twelve-month price targets for Applied Industrial Technologies, the average price target is $201.00. The highest price target for AIT is $235.00, while the lowest price target for AIT is $174.00. The average price target represents a forecasted downside of -3.16% from the current price of $207.55.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Moderate Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$201.00$201.00$201.00$164.33
Forecasted Upside-3.16% Downside16.74% Upside16.74% Upside20.86% Upside
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AIT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AIT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Applied Industrial Technologies Stock vs. The Competition

TypeApplied Industrial TechnologiesIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.80
2.54
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-3.16% Downside39.26% Upside9.09% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024Northcoast Research
5 of 5 stars
A. Reed
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageNeutral
4/11/2024KeyCorp
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$195.00 ➝ $210.00+9.26%
4/2/2024Oppenheimer
3 of 5 stars
 Initiated CoverageOutperform$235.00+22.15%
8/14/2023Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$170.00 ➝ $174.00+14.02%
8/11/2023Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$161.00 ➝ $185.00+22.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:22 PM ET.

AIT Forecast - Frequently Asked Questions

What is Applied Industrial Technologies' forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Industrial Technologies is $201.00, with a high forecast of $235.00 and a low forecast of $174.00.

Should I buy or sell Applied Industrial Technologies stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last twelve months. There is currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AIT shares.

Does Applied Industrial Technologies's stock price have much upside?

According to analysts, Applied Industrial Technologies's stock has a predicted upside of 16.74% based on their 12-month stock forecasts.

What analysts cover Applied Industrial Technologies?

Applied Industrial Technologies has been rated by research analysts at Northcoast Research in the past 90 days.

Do Wall Street analysts like Applied Industrial Technologies more than its competitors?

Analysts like Applied Industrial Technologies more than other "industrial products" companies. The consensus rating score for Applied Industrial Technologies is 2.80 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how AIT compares to other companies.


This page (NYSE:AIT) was last updated on 7/18/2024 by MarketBeat.com Staff

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