Analyst Ratings for Applied Industrial Technologies Inc. (AIT)

Updated: 2017-07-27

Shares of Applied Industrial Technologies Inc. (NYSE:AIT) have received a consensus rating of Hold from Wall Street analysts. Last month, AIT received an average rating of Hold.

0 analysts declared AIT a buy, 0 gave an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for AIT by the analysts covering the stock. The highest price target was 63, which equates to a potential upside of 10.87 percent. The lowest price target was 63, which equates to a potential downside of 10.87 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 6.52 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 4.63 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of AIT to grow at a rate of 10.55 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of AIT is 1.98.

In the last 52-weeks, AIT has achieved a high of 69.00 and a low of 43.50. Today's price is 30.63 percent above the 52-week low, and below the high by 17.64 percent. AIT has a price/earnings ratio of 20.86. Investors typically compare the P/E ratio to a company's peers in the industry. The AIT value stock report compares AIT to some of its peers using value stock charts. The market cap of AIT is $2.21 billion. AIT's next earnings release will be on 0000-00-00, which is days away.