Applied Industrial (AIT) Stock Forecast, Price Target & Predictions
AIT Stock Forecast
Applied Industrial stock forecast is as follows: an average price target of $241.00 (represents a -0.17% downside from AIT’s last price of $241.41) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
AIT Price Target
The average price target for Applied Industrial (AIT) is $241.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $285.00 to $210.00. This represents a potential -0.17% downside from AIT's last price of $241.41.
AIT Analyst Ratings
According to 6 Wall Street analysts, Applied Industrial's rating consensus is 'Buy'. The analyst rating breakdown for AIT stock is 0 'Strong Buy' (0.00%), 6 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Applied Industrial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Chris Glynn | Oppenheimer | $235.00 | $232.37 | 1.13% | -2.65% |
| Oct 21, 2024 | Brett Linzey | Mizuho Securities | $285.00 | $229.98 | 23.92% | 18.06% |
| Sep 23, 2024 | Ken Newman | KeyBanc | $245.00 | $218.77 | 11.99% | 1.49% |
| Aug 29, 2024 | David Manthey | Robert W. Baird | $210.00 | $203.62 | 3.13% | -13.01% |
| Aug 16, 2024 | Chris Dankert | Loop Capital Markets | $230.00 | $199.67 | 15.19% | -4.72% |
| Aug 16, 2024 | Steve Barger | KeyBanc | $215.00 | $199.95 | 7.53% | -10.94% |
| Apr 29, 2024 | Chris Dankert | Loop Capital Markets | $215.00 | $183.59 | 17.11% | -10.94% |
| Aug 12, 2022 | Ken Newman | KeyBanc | $140.00 | $113.43 | 23.42% | -42.01% |
| Aug 12, 2022 | David Manthey | Robert W. Baird | $129.00 | $113.43 | 13.73% | -46.56% |
The latest Applied Industrial stock forecast, released on Oct 24, 2024 by Chris Glynn from Oppenheimer, set a price target of $235.00, which represents a 1.13% increase from the stock price at the time of the forecast ($232.37), and a -2.65% decrease from AIT last price ($241.41).
Applied Industrial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 7 |
| Avg Price Target | - | $255.00 | $233.57 |
| Last Closing Price | $241.41 | $241.41 | $241.41 |
| Upside/Downside | -100.00% | 5.63% | -3.25% |
In the current month, the average price target of Applied Industrial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Applied Industrial's last price of $241.41. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 26, 2024 | Bank of America Securities | Buy | Upgrade | |
| Nov 22, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 24, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Sep 23, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 03, 2024 | Raymond James | Outperform | Initialise | |
| Aug 16, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Aug 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Apr 29, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Apr 02, 2024 | Oppenheimer | Outperform | Initialise | |
| Sep 28, 2022 | Atlantic Equities | Overweight | Overweight | Hold |
| Aug 12, 2022 | KeyBanc | Overweight | Overweight | Hold |
Applied Industrial's last stock rating was published by Bank of America Securities on Nov 26, 2024. The company Upgrade its AIT rating from "null" to "Buy".
Applied Industrial Financial Forecast
Applied Industrial Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.10B | $1.16B | $1.13B | $1.06B | $1.06B | $1.06B | $980.66M | $876.87M | $891.68M | $895.89M | $840.94M | $751.29M | $747.81M | $725.08M | $830.80M |
| Avg Forecast | $1.38B | $1.35B | $1.33B | $1.30B | $1.25B | $1.20B | $1.13B | $1.16B | $1.19B | $1.15B | $1.08B | $1.08B | $1.19B | $1.13B | $1.06B | $1.10B | $1.12B | $1.12B | $996.47M | $988.51M | $977.43M | $926.33M | $850.87M | $877.01M | $843.61M | $816.92M | $736.73M | $727.30M | $739.29M | $858.94M |
| High Forecast | $1.43B | $1.40B | $1.37B | $1.34B | $1.29B | $1.24B | $1.17B | $1.20B | $1.23B | $1.19B | $1.09B | $1.12B | $1.19B | $1.17B | $1.09B | $1.11B | $1.15B | $1.15B | $1.03B | $988.51M | $977.43M | $926.33M | $850.87M | $877.01M | $843.61M | $816.92M | $736.73M | $727.30M | $739.29M | $858.94M |
| Low Forecast | $1.36B | $1.33B | $1.30B | $1.28B | $1.23B | $1.18B | $1.12B | $1.14B | $1.17B | $1.13B | $1.07B | $1.07B | $1.19B | $1.11B | $1.04B | $1.09B | $1.10B | $1.10B | $980.67M | $988.51M | $977.43M | $926.33M | $850.87M | $877.01M | $843.61M | $816.92M | $736.73M | $727.30M | $739.29M | $858.94M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 7 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 1.02% | 1.06% | 1.07% | 1.09% | 1.06% | 1.03% | 1.02% | 1.06% | 1.03% | 1.02% | 1.03% | 0.98% | 0.97% |
Applied Industrial's average Quarter revenue forecast for Dec 23 based on 2 analysts is $1.06B, with a low forecast of $1.04B, and a high forecast of $1.09B. AIT's average Quarter revenue forecast represents a -3.30% decrease compared to the company's last Quarter revenue of $1.10B (Sep 23).
Applied Industrial EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 7 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $120.68M | $126.81M | $140.29M | $112.14M | $119.65M | $109.22M | $108.96M | $92.57M | $88.47M | $95.04M | $89.44M | $10.97M | $67.56M | $63.98M | $-60.04M |
| Avg Forecast | $148.19M | $145.13M | $142.14M | $139.21M | $134.24M | $129.04M | $121.52M | $123.94M | $127.98M | $123.38M | $115.62M | $116.09M | $127.11M | $111.54M | $113.55M | $118.12M | $119.77M | $101.40M | $66.00M | $106.25M | $105.05M | $92.18M | $91.45M | $94.26M | $90.67M | $59.92M | $79.18M | $78.17M | $79.46M | $-59.45M |
| High Forecast | $153.21M | $150.05M | $146.96M | $143.93M | $138.79M | $133.42M | $125.64M | $128.15M | $132.32M | $127.57M | $116.69M | $120.02M | $127.11M | $133.85M | $117.40M | $119.36M | $123.83M | $121.68M | $79.20M | $106.25M | $105.05M | $110.62M | $91.45M | $94.26M | $90.67M | $71.90M | $79.18M | $78.17M | $79.46M | $-47.56M |
| Low Forecast | $145.84M | $142.83M | $139.88M | $137.00M | $132.11M | $126.99M | $119.60M | $121.98M | $125.95M | $121.42M | $114.55M | $114.24M | $127.11M | $89.23M | $111.75M | $117.32M | $117.87M | $81.12M | $52.80M | $106.25M | $105.05M | $73.75M | $91.45M | $94.26M | $90.67M | $47.93M | $79.18M | $78.17M | $79.46M | $-71.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.06% | 1.38% | 1.70% | 1.13% | 1.04% | 1.18% | 1.01% | 0.94% | 1.05% | 1.49% | 0.14% | 0.86% | 0.81% | 1.01% |
2 analysts predict AIT's average Quarter EBITDA for Dec 23 to be $113.55M, with a high of $117.40M and a low of $111.75M. This is -5.91% lower than Applied Industrial's previous annual EBITDA (Sep 23) of $120.68M.
Applied Industrial Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 7 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $93.83M | $92.22M | $97.19M | $80.46M | $76.88M | $79.11M | $68.31M | $57.03M | $52.97M | $59.24M | $56.06M | $-5.33M | $34.78M | $29.99M | $-82.78M |
| Avg Forecast | $128.52M | $124.62M | $110.99M | $107.10M | $115.27M | $105.15M | $96.81M | $97.75M | $106.95M | $96.09M | $86.36M | $87.79M | $97.67M | $70.14M | $82.04M | $81.52M | $84.51M | $63.77M | $40.66M | $63.95M | $65.12M | $57.97M | $42.12M | $49.47M | $45.86M | $37.56M | $29.85M | $24.86M | $26.62M | $-81.96M |
| High Forecast | $134.18M | $130.12M | $115.88M | $111.82M | $120.36M | $109.79M | $101.08M | $102.06M | $111.67M | $96.87M | $87.92M | $91.66M | $101.98M | $84.17M | $85.66M | $81.91M | $88.23M | $76.52M | $48.79M | $63.95M | $65.12M | $69.56M | $42.12M | $49.83M | $45.86M | $45.07M | $29.85M | $24.86M | $26.62M | $-65.57M |
| Low Forecast | $125.87M | $122.05M | $108.70M | $104.89M | $112.90M | $102.98M | $94.82M | $95.73M | $104.74M | $95.32M | $85.58M | $85.98M | $95.66M | $56.12M | $80.35M | $81.13M | $82.77M | $51.01M | $32.53M | $63.95M | $65.12M | $46.38M | $42.12M | $49.12M | $45.86M | $30.05M | $29.85M | $24.86M | $26.62M | $-98.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.09% | 1.52% | 1.98% | 1.20% | 1.21% | 1.18% | 1.35% | 1.07% | 1.29% | 1.49% | -0.18% | 1.40% | 1.13% | 1.01% |
Applied Industrial's average Quarter net income forecast for Dec 23 is $82.04M, with a range of $80.35M to $85.66M. AIT's average Quarter net income forecast represents a -12.56% decrease compared to the company's last Quarter net income of $93.83M (Sep 23).
Applied Industrial SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 7 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $204.40M | $211.74M | $206.21M | $195.61M | $200.25M | $197.40M | $191.48M | $179.34M | $180.69M | $181.59M | $172.76M | $162.39M | $163.47M | $161.50M | $183.70M |
| Avg Forecast | $276.46M | $270.76M | $265.18M | $259.71M | $250.43M | $240.74M | $226.72M | $231.23M | $238.77M | $230.18M | $215.70M | $216.57M | $237.14M | $196.63M | $211.84M | $220.36M | $223.44M | $178.76M | $127.86M | $194.76M | $192.58M | $162.51M | $167.64M | $172.80M | $166.21M | $115.73M | $145.16M | $143.30M | $145.66M | $181.88M |
| High Forecast | $285.84M | $279.94M | $274.17M | $268.52M | $258.93M | $248.90M | $234.41M | $239.07M | $246.87M | $237.99M | $217.70M | $223.92M | $237.14M | $235.96M | $219.03M | $222.68M | $231.02M | $214.51M | $153.43M | $194.76M | $192.58M | $195.01M | $167.64M | $172.80M | $166.21M | $138.88M | $145.16M | $143.30M | $145.66M | $218.26M |
| Low Forecast | $272.08M | $266.47M | $260.97M | $255.59M | $246.46M | $236.92M | $223.12M | $227.56M | $234.98M | $226.53M | $213.70M | $213.14M | $237.14M | $157.31M | $208.48M | $218.88M | $219.89M | $143.01M | $102.29M | $194.76M | $192.58M | $130.01M | $167.64M | $172.80M | $166.21M | $92.58M | $145.16M | $143.30M | $145.66M | $145.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.95% | 1.15% | 1.53% | 1.03% | 1.03% | 1.18% | 1.07% | 1.05% | 1.09% | 1.49% | 1.12% | 1.14% | 1.11% | 1.01% |
Applied Industrial's average Quarter SG&A projection for Dec 23 is $211.84M, based on 2 Wall Street analysts, with a range of $208.48M to $219.03M. The forecast indicates a 3.64% rise compared to AIT last annual SG&A of $204.40M (Sep 23).
Applied Industrial EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 7 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.42 | $2.39 | $2.52 | $2.09 | $2.00 | $2.06 | $1.78 | $1.48 | $1.38 | $1.53 | $1.44 | $-0.14 | $0.90 | $0.78 | $-2.14 |
| Avg Forecast | $3.30 | $3.20 | $2.85 | $2.75 | $2.96 | $2.70 | $2.49 | $2.51 | $2.75 | $2.47 | $2.22 | $2.25 | $2.51 | $2.42 | $2.11 | $2.09 | $2.17 | $2.15 | $1.67 | $1.63 | $1.66 | $1.51 | $1.08 | $1.26 | $1.17 | $1.05 | $0.76 | $0.64 | $0.68 | $1.01 |
| High Forecast | $3.45 | $3.34 | $2.98 | $2.87 | $3.09 | $2.82 | $2.60 | $2.62 | $2.87 | $2.49 | $2.26 | $2.35 | $2.62 | $2.43 | $2.20 | $2.10 | $2.27 | $2.25 | $1.74 | $1.63 | $1.66 | $1.56 | $1.08 | $1.27 | $1.17 | $1.05 | $0.76 | $0.64 | $0.68 | $1.01 |
| Low Forecast | $3.23 | $3.13 | $2.79 | $2.69 | $2.90 | $2.64 | $2.43 | $2.46 | $2.69 | $2.45 | $2.20 | $2.21 | $2.46 | $2.41 | $2.06 | $2.08 | $2.13 | $2.11 | $1.63 | $1.63 | $1.66 | $1.47 | $1.08 | $1.25 | $1.17 | $1.05 | $0.76 | $0.64 | $0.68 | $1.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.10% | 1.17% | 1.25% | 1.22% | 1.24% | 1.18% | 1.38% | 1.09% | 1.31% | 1.38% | -0.18% | 1.42% | 1.15% | -2.12% |
According to 2 Wall Street analysts, Applied Industrial's projected average Quarter EPS for Dec 23 is $2.11, with a low estimate of $2.06 and a high estimate of $2.20. This represents a -12.95% decrease compared to AIT previous annual EPS of $2.42 (Sep 23).
Applied Industrial Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MSM | MSC Industrial Direct | $81.34 | $105.71 | 29.96% | Buy |
| FERG | Ferguson | $185.05 | $224.86 | 21.51% | Buy |
| BXC | BlueLinx | $116.36 | $135.00 | 16.02% | Buy |
| SITE | SiteOne Landscape Supply | $140.20 | $154.00 | 9.84% | Hold |
| FAST | Fastenal Company | $77.64 | $77.80 | 0.21% | Hold |
| CNM | Core & Main | $51.99 | $51.00 | -1.90% | Buy |
| AIT | Applied Industrial | $254.29 | $241.00 | -5.23% | Buy |
| GWW | W.W. Grainger | $1.12K | $1.02K | -8.62% | Buy |
| WSO | Watsco | $508.47 | $457.50 | -10.02% | Hold |