Based on the Alta Equipment Group Inc stock forecast from 3 analysts, the average analyst target price for Alta Equipment Group Inc is USD 12.75 over the next 12 months. Alta Equipment Group Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Alta Equipment Group Inc is Bearish, which is based on 4 positive signals and 10 negative signals. At the last closing, Alta Equipment Group Inc’s stock price was USD 7.91. Alta Equipment Group Inc’s stock price has changed by +13.16% over the past week, +32.72% over the past month and -22.07% over the last year.
No recent analyst target price found for Alta Equipment Group Inc
No recent average analyst rating found for Alta Equipment Group Inc
Company Overview Alta Equipment Group Inc
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Address: 13211 Merriman Road, Livonia, MI, United States, 48150 Read Less
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company operates a branch network that sells, rents, and provide...Read More
Frequently Asked Questions About Alta Equipment Group Inc (ALTG) Stock
Based on ratings from 3 analysts Alta Equipment Group Inc's stock is Buy . Stock Target Advisor's fundamental analysis is Bearish. The stock has 1 buy, sell and 3 hold ratings.
ALTG stock's dividend yield is 3.04%.
Our analysis grades ALTG stock's dividend yield at F. This means that ALTG stock's dividend yield is above 50% of the stocks in the Rental & Leasing Services sector in the NYE exchange.
Based on this ALTG may be a average dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for ALTG is USD 12.75 over the next 12 months. The maximum analyst target price is USD 20 while the minimum anlayst target price is USD 9.
ALTG stock's Price/Earning ratio is 49.17.
Our analysis grades ALTG stock's Price / Earning ratio at F. This means that ALTG stock's Price/Earning ratio is above 93% of the stocks in the Rental & Leasing Services sector in the NYE exchange.
Based on this ALTG may be a overvalued for its sector.
The last closing price of ALTG's stock was USD 7.91.
The most recent market capitalization for ALTG is USD 0.25B.
Based on targets from 3 analysts, the average taret price for ALTG is projected at USD 12.75 over the next 12 months.
This means that ALTG's stock price may go up by +61.19% over the next 12 months.
We can't find any ETFs which contains Alta Equipment Group Inc's stock.
As per our most recent records Alta Equipment Group Inc has 3,000 Employees.
Alta Equipment Group Inc's registered address is 13211 Merriman Road, Livonia, MI, United States, 48150.
You can get more information about it from Alta Equipment Group Inc's website at https://www.altg.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Frequently Asked Questions About Alta Equipment Group Inc (ALTG) Stock
Based on ratings from 3 analysts Alta Equipment Group Inc's stock is Buy . Stock Target Advisor's fundamental analysis is Bearish. The stock has 1 buy, sell and 3 hold ratings.
ALTG stock's dividend yield is 3.04%.
Our analysis grades ALTG stock's dividend yield at F. This means that ALTG stock's dividend yield is above 50% of the stocks in the Rental & Leasing Services sector in the NYE exchange.
Based on this ALTG may be a average dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for ALTG is USD 12.75 over the next 12 months. The maximum analyst target price is USD 20 while the minimum anlayst target price is USD 9.
ALTG stock's Price/Earning ratio is 49.17.
Our analysis grades ALTG stock's Price / Earning ratio at F. This means that ALTG stock's Price/Earning ratio is above 93% of the stocks in the Rental & Leasing Services sector in the NYE exchange.
Based on this ALTG may be a overvalued for its sector.
The last closing price of ALTG's stock was USD 7.91.
The most recent market capitalization for ALTG is USD 0.25B.
Based on targets from 3 analysts, the average taret price for ALTG is projected at USD 12.75 over the next 12 months.
This means that ALTG's stock price may go up by +61.19% over the next 12 months.
We can't find any ETFs which contains Alta Equipment Group Inc's stock.
As per our most recent records Alta Equipment Group Inc has 3,000 Employees.
Alta Equipment Group Inc's registered address is 13211 Merriman Road, Livonia, MI, United States, 48150.
You can get more information about it from Alta Equipment Group Inc's website at https://www.altg.com.
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