Applied Industrial Technologies (AIT) Stock Forecast & Price Target

$277.11 +7.88 (+2.93%)

(As of 11/22/2024 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

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
2

Buy
6

Based on 8 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 8 analysts, 2 have given a hold rating, and 6 have given a buy rating for AIT.

Consensus Price Target

$267.86
-3.34% Downside

According to the 8 analysts' twelve-month price targets for Applied Industrial Technologies, the average price target is $267.86. The highest price target for AIT is $305.00, while the lowest price target for AIT is $240.00. The average price target represents a forecasted downside of -3.34% from the current price of $277.11.

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AIT Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 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	$267.86	$255.71	$226.67	$180.33
Forecasted Upside	-3.34% Downside	10.55% Upside	9.29% Upside	10.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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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.

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.

Applied Industrial Technologies Stock vs. The Competition

Type	Applied Industrial Technologies	Industrial Products Companies	S&P 500
Consensus Rating Score	2.75	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.34% Downside	37.47% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent AIT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$260.00 ➝ $305.00	+12.33%
10/28/2024	Loop Capital 2 of 5 stars		Boost Target	Buy ➝ Buy	$230.00 ➝ $270.00	+16.08%
10/25/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$232.00 ➝ $240.00	+3.18%
10/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$225.00 ➝ $250.00	+7.48%
10/25/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$245.00 ➝ $275.00	+18.42%
10/22/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Linzey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$285.00	+23.90%
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10/16/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$210.00 ➝ $250.00	+10.14%
7/1/2024	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Reed Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:09 AM ET.

AIT Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Industrial Technologies is $267.86, with a high forecast of $305.00 and a low forecast of $240.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Industrial Technologies in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AIT shares.
: According to analysts, Applied Industrial Technologies's stock has a predicted downside of -3.34% based on their 12-month stock forecasts.
: Applied Industrial Technologies has been rated by research analysts at Bank of America, KeyCorp, Loop Capital, Mizuho, Oppenheimer, Raymond James, and Robert W. Baird in the past 90 days.
: Analysts like Applied Industrial Technologies more than other "industrial products" companies. The consensus rating score for Applied Industrial Technologies is 2.75 while the average consensus rating score for "industrial products" companies is 2.58. Learn more on how AIT compares to other companies.

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This page (NYSE:AIT) was last updated on 11/24/2024 by MarketBeat.com Staff

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Applied Industrial Technologies (AIT) Stock Forecast & Price Target