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.

A number of analysts gave price targets for AIT. The highest price target was 63, implying potential capital gains of 10.87 percent. The lowest price target was 63, implying a possible loss of 10.87 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 6.52 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of AIT's earnings is estimated by analysts to be 10.55 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. AIT has a PEG ratio of 1.98.

AIT has a 52-week high of 69.00 and a 52-week low of 43.50. Currently the stock is 30.63 percent higher than its low, and 17.64 percent below the high. AIT has a P/E 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 will post this quarters earnings in days, on 0000-00-00.