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 -9.31% downside from AIT’s last price of $265.74) and a rating consensus of 'Buy', based on 5 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 5 Wall Street analysts in the past 3 months, with a price target range of $285.00 to $210.00. This represents a potential -9.31% downside from AIT's last price of $265.74.
AIT Analyst Ratings
According to 5 Wall Street analysts, Applied Industrial's rating consensus is 'Buy'. The analyst rating breakdown for AIT stock is 0 'Strong Buy' (0.00%), 5 '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% | -11.57% |
| Oct 21, 2024 | Brett Linzey | Mizuho Securities | $285.00 | $229.98 | 23.92% | 7.25% |
| Sep 23, 2024 | Ken Newman | KeyBanc | $245.00 | $218.77 | 11.99% | -7.80% |
| Aug 29, 2024 | David Manthey | Robert W. Baird | $210.00 | $203.62 | 3.13% | -20.98% |
| Aug 16, 2024 | Chris Dankert | Loop Capital Markets | $230.00 | $199.67 | 15.19% | -13.45% |
| Aug 16, 2024 | Steve Barger | KeyBanc | $215.00 | $199.95 | 7.53% | -19.09% |
| Apr 29, 2024 | Chris Dankert | Loop Capital Markets | $215.00 | $183.59 | 17.11% | -19.09% |
| Aug 12, 2022 | Ken Newman | KeyBanc | $140.00 | $113.43 | 23.42% | -47.32% |
| Aug 12, 2022 | David Manthey | Robert W. Baird | $129.00 | $113.43 | 13.73% | -51.46% |
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 -11.57% decrease from AIT last price ($265.74).
Applied Industrial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 7 |
| Avg Price Target | $260.00 | $243.75 | $233.57 |
| Last Closing Price | $265.74 | $265.74 | $265.74 |
| Upside/Downside | -2.16% | -8.28% | -12.11% |
In the current month, the average price target of Applied Industrial stock is $260.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -2.16% decrease as opposed to Applied Industrial's last price of $265.74. This month's average price target is up 6.67% compared to last quarter, and up 11.32% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Oppenheimer on Oct 24, 2024. The company gave AIT a "Outperform" rating, the same as its previous rate.
Applied Industrial Financial Forecast
Applied Industrial Revenue Forecast
| 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 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $833.38M | $856.40M | $882.74M | $885.44M |
| Avg Forecast | $1.25B | $1.21B | $1.13B | $1.16B | $1.19B | $1.16B | $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 | $833.05M | $837.31M | $922.58M | $891.67M |
| High Forecast | $1.27B | $1.23B | $1.15B | $1.17B | $1.21B | $1.17B | $1.09B | $1.10B | $1.19B | $1.15B | $1.07B | $1.11B | $1.13B | $1.13B | $1.01B | $988.51M | $977.43M | $926.33M | $850.87M | $877.01M | $843.61M | $816.92M | $736.73M | $727.30M | $739.29M | $858.94M | $833.05M | $837.31M | $922.58M | $891.67M |
| Low Forecast | $1.23B | $1.19B | $1.12B | $1.14B | $1.18B | $1.15B | $1.07B | $1.07B | $1.19B | $1.12B | $1.04B | $1.09B | $1.10B | $1.10B | $982.26M | $988.51M | $977.43M | $926.33M | $850.87M | $877.01M | $843.61M | $816.92M | $736.73M | $727.30M | $739.29M | $858.94M | $833.05M | $837.31M | $922.58M | $891.67M |
| # Analysts | 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 | 5 | 5 | 5 | 5 |
| 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% | 1.00% | 1.02% | 0.96% | 0.99% |
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 $1.07B. 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 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 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 5 | 5 |
| 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 | $64.97M | $76.76M | $77.37M | $40.76M |
| Avg Forecast | $133.01M | $128.71M | $120.45M | $122.67M | $126.90M | $122.80M | $114.32M | $114.98M | $125.89M | $111.54M | $112.47M | $116.99M | $118.62M | $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 | $89.54M | $90.00M | $99.16M | $40.40M |
| High Forecast | $134.86M | $130.50M | $122.13M | $124.38M | $128.67M | $124.51M | $115.37M | $116.58M | $125.89M | $133.85M | $114.03M | $118.22M | $120.27M | $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 | $89.54M | $90.00M | $99.16M | $48.48M |
| Low Forecast | $131.11M | $126.87M | $118.73M | $120.92M | $125.09M | $121.74M | $113.26M | $113.34M | $125.89M | $89.23M | $110.86M | $116.20M | $116.93M | $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 | $89.54M | $90.00M | $99.16M | $32.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.07% | 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% | 0.73% | 0.85% | 0.78% | 1.01% |
2 analysts predict AIT's average Quarter EBITDA for Dec 23 to be $112.47M, with a high of $114.03M and a low of $110.86M. This is -6.81% lower than Applied Industrial's previous annual EBITDA (Sep 23) of $120.68M.
Applied Industrial Net Income Forecast
| 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 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 5 | 5 |
| 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 | $38.03M | $38.80M | $39.80M | $16.54M |
| Avg Forecast | $114.34M | $104.29M | $95.72M | $96.81M | $106.46M | $95.61M | $86.26M | $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 | $37.35M | $38.92M | $45.52M | $16.39M |
| High Forecast | $116.41M | $106.18M | $97.46M | $98.57M | $108.39M | $96.38M | $87.82M | $89.38M | $99.44M | $84.17M | $83.53M | $81.91M | $86.04M | $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 | $37.35M | $38.92M | $45.52M | $19.67M |
| Low Forecast | $112.22M | $102.36M | $93.95M | $95.02M | $104.49M | $94.84M | $85.09M | $86.16M | $95.86M | $56.12M | $80.52M | $81.13M | $82.94M | $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 | $37.35M | $38.92M | $45.52M | $13.11M |
| 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% | 1.02% | 1.00% | 0.87% | 1.01% |
Applied Industrial's average Quarter net income forecast for Dec 23 is $82.04M, with a range of $80.52M to $83.53M. 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 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 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 5 | 5 |
| 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 | $182.49M | $190.29M | $185.38M | $189.46M |
| Avg Forecast | $250.53M | $242.43M | $226.88M | $231.07M | $239.03M | $231.31M | $215.32M | $216.57M | $237.13M | $196.63M | $211.84M | $220.35M | $223.43M | $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 | $164.13M | $164.97M | $181.77M | $187.81M |
| High Forecast | $254.02M | $245.81M | $230.04M | $234.28M | $242.36M | $234.53M | $217.32M | $219.58M | $237.13M | $235.96M | $214.79M | $222.67M | $226.54M | $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 | $164.13M | $164.97M | $181.77M | $225.37M |
| Low Forecast | $246.95M | $238.97M | $223.65M | $227.77M | $235.62M | $229.32M | $213.33M | $213.48M | $237.13M | $157.31M | $208.82M | $218.87M | $220.25M | $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 | $164.13M | $164.97M | $181.77M | $150.25M |
| 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% | 1.11% | 1.15% | 1.02% | 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 $208.82M to $214.79M. The forecast indicates a 3.64% rise compared to AIT last annual SG&A of $204.40M (Sep 23).
Applied Industrial EPS Forecast
| 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 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 5 | 5 |
| 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 | $0.98 | $1.00 | $1.03 | $0.43 |
| Avg Forecast | $2.94 | $2.68 | $2.46 | $2.49 | $2.73 | $2.46 | $2.21 | $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 | $0.95 | $0.99 | $1.16 | $1.15 |
| High Forecast | $2.99 | $2.73 | $2.50 | $2.53 | $2.78 | $2.47 | $2.26 | $2.30 | $2.55 | $2.43 | $2.14 | $2.10 | $2.21 | $2.19 | $1.70 | $1.63 | $1.66 | $1.56 | $1.08 | $1.27 | $1.17 | $1.05 | $0.76 | $0.64 | $0.68 | $1.01 | $0.95 | $0.99 | $1.16 | $1.15 |
| Low Forecast | $2.88 | $2.63 | $2.41 | $2.44 | $2.68 | $2.44 | $2.18 | $2.21 | $2.46 | $2.41 | $2.07 | $2.08 | $2.13 | $2.11 | $1.64 | $1.63 | $1.66 | $1.47 | $1.08 | $1.25 | $1.17 | $1.05 | $0.76 | $0.64 | $0.68 | $1.01 | $0.95 | $0.99 | $1.16 | $1.15 |
| 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% | 1.03% | 1.01% | 0.89% | 0.37% |
According to 2 Wall Street analysts, Applied Industrial's projected average Quarter EPS for Dec 23 is $2.11, with a low estimate of $2.07 and a high estimate of $2.14. 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 |
| CNM | Core & Main | $44.75 | $50.00 | 11.73% | Buy |
| BXC | BlueLinx | $121.30 | $135.00 | 11.29% | Buy |
| SITE | SiteOne Landscape Supply | $139.54 | $153.75 | 10.18% | Hold |
| FERG | Ferguson | $202.74 | $214.75 | 5.92% | Buy |
| AIT | Applied Industrial | $265.74 | $241.00 | -9.31% | Buy |
| FAST | Fastenal Company | $81.82 | $69.40 | -15.18% | Hold |
| WSO | Watsco | $533.40 | $382.25 | -28.34% | Hold |
| GWW | W.W. Grainger | $1.18K | $806.89 | -31.53% | Buy |