Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Alta Equipment Group Inc Market Cap
From what 4 stock analysts predict, the share price for Alta Equipment Group Inc (ALTG) might increase by 60.05% in the next year. This is based on a 12-month average estimation for ALTG. Price targets go from $9 to $20. The majority of stock analysts believe ALTG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Alta Equipment Group Inc has a total of 4 Wall St Analyst ratings. There are 2 buy ratings, 2 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Alta Equipment Group Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of ALTG.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Bryan Fast Raymond James | Market Perform | $9 | Maintains | Nov 14, 2024 |
| Ted Jackson Northland Capital Markets | Market Perform | $20 | Downgrade | Nov 13, 2024 |
| Matt Summerville DA Davidson | Buy | $12 | Maintains | Aug 13, 2024 |
| Bryan Fast Raymond James | Market Perform | $10 | Downgrade | Aug 9, 2024 |
| Matt Summerville DA Davidson | Buy | $20 | Maintains | May 21, 2024 |
| Matt Summerville DA Davidson | Buy | $22 | Maintains | Mar 15, 2024 |
| Alex Rygiel B. Riley Securities | Buy | $22 | Reiterates | Mar 15, 2024 |
| Bryan Fast Raymond James | Outperform | $22 | Maintains | Mar 10, 2023 |
| Ted Jackson Northland Capital Markets | Outperform | $25 | Initiates | Sep 23, 2022 |
| Alex Rygiel B. Riley Securities | Buy | $21 | Maintains | Nov 12, 2021 |
DA Davidson | Buy | Initiates | Mar 12, 2021 | |
B. Riley Securities | Buy | $10 | Maintains | May 15, 2020 |
B. Riley FBR | Buy | Maintains | May 15, 2020 | |
B. Riley FBR | Buy | Maintains | Mar 26, 2020 | |
| Alex Rygiel B. Riley Securities | Buy | $9 | Maintains | Mar 26, 2020 |
B. Riley FBR | Buy | Maintains | Mar 17, 2020 | |
| Alex Rygiel B. Riley Securities | Buy | $11 | Maintains | Mar 17, 2020 |
When did it IPO
2019
Staff Count
3,000
Country
United States
Sector/Industry
Industrials/Rental & Leasing Services
CEO
Mr. Ryan Greenawalt
Market Cap
$257.4M
In 2023, ALTG generated $1.88B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ALTG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 22 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - ATI, AKBA, and ALTG have been assigned a Zacks Rank of #5 (Strong Sell) as of November 22, 2024, indicating potential underperformance.
Why It Matters - ATI, AKBA, and ALTG being added to the Zacks Rank #5 (Strong Sell) indicates potential declines in stock performance, signaling increased risk for current and prospective investors.
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Alta Equipment Group Inc. (NYSE: ALTG) will hold its Q3 2024 earnings conference call on November 12, 2024, at 5:00 PM ET, featuring key executives and analysts.
Why It Matters - The Q3 earnings call indicates upcoming insights into Alta Equipment's financial performance, strategies, and market position, influencing investor sentiment and stock valuation.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Alta Equipment Group reported Q3 2024 revenues of $448.8 million, down $17.4 million YoY. Net loss was $(28.4) million. The Board increased share buyback authorization to $20 million.
Why It Matters - Revenue decline and net loss signal potential challenges for Alta Equipment Group, while increased share buyback may support stock price. Investors should assess future growth and profitability.
Tue, 12 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Alta Equipment (ALTG) reported a quarterly loss of $0.86 per share, worse than the expected loss of $0.22, compared to a profit of $0.20 per share a year earlier.
Why It Matters - Alta Equipment's larger-than-expected quarterly loss signals potential operational challenges, which may lead to decreased investor confidence and impact stock performance.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Alta Equipment Group Inc. (NYSE: ALTG) will release its Q3 2024 financial results on November 12, 2024, after U.S. market close.
Why It Matters - The upcoming financial results announcement for Alta Equipment Group may impact stock performance, influencing investor sentiment and potential market movements.
Thu, 07 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Alta Equipment (ALTG) saw a rise in share price with above-average trading volume, but recent earnings estimate revisions indicate potential weakness ahead.
Why It Matters - Alta Equipment's share price surge on high volume may signal short-term interest, but stagnant earnings estimates could indicate potential weakness ahead, affecting long-term investment outlook.
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