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 most optimistic analyst gave a price target of 63, which equates to a potential upside of 10.87 percent. The most pessimistic price target was 63, which equates to a potential downside of 10.87 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 6.52 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.63 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

AIT has an estimated earnings growth rate of 10.55 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. AIT has a PEG ratio of 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 17.64 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.