At the time of writing, Applied Industrial Technologies Inc [AIT] stock is trading at $268.64, up 13.73%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AIT shares have gain 13.73% over the last week, with a monthly amount glided 22.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Applied Industrial Technologies Inc [NYSE: AIT] stock has seen the most recent analyst activity on October 22, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $285. Previously, BofA Securities started tracking the stock with Neutral rating on October 07, 2024, and set its price target to $232. On September 04, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $225 on the stock. Northcoast started tracking the stock assigning a Neutral rating. Oppenheimer initiated its recommendation with a Outperform and recommended $235 as its price target on April 03, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on March 17, 2023, but kept the price target unchanged to $160. In a note dated August 12, 2022, Robert W. Baird downgraded an Neutral rating on this stock and boosted its target price from $115 to $129.
For the past year, the stock price of Applied Industrial Technologies Inc fluctuated between $155.25 and $240.45. Currently, Wall Street analysts expect the stock to reach $241 within the next 12 months. Applied Industrial Technologies Inc [NYSE: AIT] shares were valued at $268.64 at the most recent close of the market. An investor can expect a potential drop of -10.29% based on the average AIT price forecast.
Analyzing the AIT fundamentals
According to Applied Industrial Technologies Inc [NYSE:AIT], the company’s sales were 4.48B for trailing twelve months, which represents an 0.34% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 259.98 points at the first support level, and at 251.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 273.17, and for the 2nd resistance point, it is at 277.71.
Ratios To Look Out For
It is important to note that Applied Industrial Technologies Inc [NYSE:AIT] has a current ratio of 3.78. In addition, the Quick Ratio stands at 2.74 and the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 5.89 and price to earnings (TTM) ratio is 27.40.
Transactions by insiders
Recent insider trading involved Loring Kurt W., VP-Chief HR Officer, that happened on Aug 30 ’24 when 4858.0 shares were sold. Officer, Loring Kurt W. completed a deal on Aug 30 ’24 to buy 4858.0 shares. Meanwhile, VP-Chief HR Officer Loring Kurt W. sold 3366.0 shares on Aug 23 ’24.
