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.

Many analysts weighed in on price targets for AIT. The highest price target was 63, implying potential capital gains of 10.87 percent. The lowest price target was 63, which equates to a potential downside of 10.87 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.63 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of AIT is 1.98.

In the trailing 52-weeks, AIT hit 69.00 at the highest peak, while it's lowest trading point was 43.50. The current market price is above the trailing year's low by 30.63 percent, 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 stock has a market capitalization of $2.21 billion. AIT's next earnings release will be on 0000-00-00, which is days away.