Applied Industrial (AIT) Stock Forecast, Price Target & Predictions
AIT Stock Forecast
Applied Industrial stock forecast is as follows: an average price target of $218.33 (represents a 7.04% upside from AIT’s last price of $203.98) 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 $218.33 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $210.00. This represents a potential 7.04% upside from AIT's last price of $203.98.
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 |
|---|---|---|---|---|---|---|
| Aug 29, 2024 | David Manthey | Robert W. Baird | $210.00 | $203.62 | 3.13% | 2.95% |
| Aug 16, 2024 | Chris Dankert | Loop Capital Markets | $230.00 | $199.67 | 15.19% | 12.76% |
| Aug 16, 2024 | Steve Barger | KeyBanc | $215.00 | $199.95 | 7.53% | 5.40% |
| Apr 29, 2024 | Chris Dankert | Loop Capital Markets | $215.00 | $183.59 | 17.11% | 5.40% |
| Aug 12, 2022 | Ken Newman | KeyBanc | $140.00 | $113.43 | 23.42% | -31.37% |
| Aug 12, 2022 | David Manthey | Robert W. Baird | $129.00 | $113.43 | 13.73% | -36.76% |
The latest Applied Industrial stock forecast, released on Aug 29, 2024 by David Manthey from Robert W. Baird, set a price target of $210.00, which represents a 3.13% increase from the stock price at the time of the forecast ($203.62), and a 2.95% increase from AIT last price ($203.98).
Applied Industrial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 4 |
| Avg Price Target | $220.00 | $218.33 | $217.50 |
| Last Closing Price | $203.98 | $203.98 | $203.98 |
| Upside/Downside | 7.85% | 7.04% | 6.63% |
In the current month, the average price target of Applied Industrial stock is $220.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 7.85% increase as opposed to Applied Industrial's last price of $203.98. This month's average price target is up 0.76% compared to last quarter, and up 1.15% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Raymond James on Sep 03, 2024. The company Initialise its AIT rating from "null" to "Outperform".
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 | Jul 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 | - | $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 | $1.24B | $1.21B | $1.12B | $1.13B | $1.20B | $1.16B | $1.07B | $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 | $1.30B | $1.27B | $1.18B | $1.18B | $1.26B | $1.22B | $1.12B | $1.10B | $1.24B | $1.19B | $1.11B | $1.11B | $1.17B | $1.17B | $1.05B | $1.04B | $977.43M | $935.82M | $859.59M | $886.00M | $852.26M | $825.30M | $744.29M | $734.76M | $746.87M | $867.75M | $841.59M | $845.90M | $932.03M | $900.82M |
| Low Forecast | $1.22B | $1.19B | $1.10B | $1.10B | $1.18B | $1.14B | $1.05B | $1.07B | $1.16B | $1.11B | $1.04B | $1.09B | $1.10B | $1.09B | $977.17M | $969.35M | $977.43M | $913.58M | $839.16M | $864.94M | $832.00M | $805.68M | $726.59M | $717.29M | $729.11M | $847.12M | $821.59M | $825.79M | $909.88M | $879.40M |
| # Analysts | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 1.02% | 1.06% | 1.07% | - | 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 $1.11B. 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 | Jul 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 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $120.68M | $126.81M | $140.29M | $112.14M | $119.65M | - | $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 | $133.56M | $130.51M | $120.60M | $121.10M | $128.92M | $125.08M | $115.24M | $116.32M | $127.42M | $111.54M | $113.83M | $118.40M | $120.06M | $101.40M | $107.10M | $89.60M | $100.70M | $92.18M | $60.00M | $81.45M | $68.46M | $59.92M | $7.42M | $41.17M | $52.69M | $-59.45M | $63.60M | $74.44M | $74.70M | $40.40M |
| High Forecast | $140.06M | $136.87M | $126.48M | $127.00M | $135.20M | $131.17M | $120.85M | $118.48M | $133.62M | $133.85M | $119.37M | $119.65M | $125.90M | $121.68M | $112.32M | $107.52M | $100.70M | $110.62M | $72.00M | $97.74M | $82.15M | $71.90M | $8.90M | $49.41M | $63.22M | $-47.56M | $76.32M | $89.32M | $89.64M | $48.48M |
| Low Forecast | $130.97M | $127.99M | $118.27M | $118.75M | $126.42M | $122.65M | $113.01M | $115.25M | $124.95M | $89.23M | $111.62M | $117.61M | $117.73M | $81.12M | $105.03M | $71.68M | $100.70M | $73.75M | $48.00M | $65.16M | $54.77M | $47.93M | $5.93M | $32.94M | $42.15M | $-71.33M | $50.88M | $59.55M | $59.76M | $32.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.06% | 1.38% | 1.05% | 1.34% | - | 1.18% | 1.54% | 1.09% | 1.39% | 1.49% | 1.48% | 1.64% | 1.21% | 1.01% | 1.02% | 1.03% | 1.04% | 1.01% |
2 analysts predict AIT's average Quarter EBITDA for Dec 23 to be $113.83M, with a high of $119.37M and a low of $111.62M. This is -5.68% 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 | Jul 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 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $93.83M | $92.22M | $97.19M | $80.46M | $76.88M | - | $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 | $114.33M | $101.28M | $93.84M | $96.19M | $108.32M | $96.25M | $86.20M | $88.29M | $98.20M | $70.14M | $82.48M | $81.96M | $84.96M | $63.77M | $65.26M | $53.64M | $65.29M | $57.97M | $36.96M | $48.77M | $42.68M | $37.56M | $-3.60M | $21.20M | $24.70M | $-81.96M | $37.23M | $37.62M | $38.43M | $16.39M |
| High Forecast | $121.57M | $107.69M | $99.78M | $102.28M | $115.18M | $102.35M | $91.66M | $89.82M | $104.41M | $84.17M | $87.71M | $82.35M | $90.34M | $76.52M | $69.39M | $64.37M | $65.29M | $69.56M | $44.35M | $58.52M | $51.21M | $45.07M | $-2.88M | $25.44M | $29.64M | $-65.57M | $44.68M | $45.15M | $46.12M | $19.67M |
| Low Forecast | $111.45M | $98.73M | $91.47M | $93.76M | $105.59M | $93.83M | $84.03M | $85.61M | $95.72M | $56.12M | $80.40M | $81.57M | $82.82M | $51.01M | $63.61M | $42.91M | $65.29M | $46.38M | $29.57M | $39.01M | $34.14M | $30.05M | $-4.32M | $16.96M | $19.76M | $-98.35M | $29.78M | $30.10M | $30.74M | $13.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.09% | 1.52% | 1.23% | 1.43% | - | 1.18% | 1.54% | 1.09% | 1.39% | 1.49% | 1.48% | 1.64% | 1.21% | 1.01% | 1.02% | 1.03% | 1.04% | 1.01% |
Applied Industrial's average Quarter net income forecast for Dec 23 is $82.48M, with a range of $80.40M to $87.71M. AIT's average Quarter net income forecast represents a -12.09% 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 | Jul 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 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $204.40M | $211.74M | $206.21M | $195.61M | $200.25M | - | $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 | $244.83M | $239.25M | $221.08M | $221.99M | $236.32M | $229.29M | $211.25M | $213.24M | $233.57M | $196.63M | $208.66M | $217.04M | $220.08M | $178.76M | $196.33M | $182.98M | $200.60M | $162.51M | $116.24M | $166.34M | $130.80M | $115.73M | $109.72M | $99.62M | $133.00M | $181.88M | $178.65M | $184.53M | $178.98M | $187.81M |
| High Forecast | $256.75M | $250.90M | $231.85M | $232.80M | $247.83M | $240.45M | $221.54M | $217.19M | $244.95M | $235.96M | $218.82M | $219.33M | $230.80M | $214.51M | $205.90M | $219.58M | $200.60M | $195.01M | $139.48M | $199.61M | $156.97M | $138.88M | $131.67M | $119.54M | $159.60M | $218.26M | $214.38M | $221.43M | $214.78M | $225.37M |
| Low Forecast | $240.08M | $234.61M | $216.80M | $217.69M | $231.74M | $224.84M | $207.16M | $211.26M | $229.04M | $157.31M | $204.62M | $215.59M | $215.81M | $143.01M | $192.53M | $146.38M | $200.60M | $130.01M | $92.99M | $133.08M | $104.64M | $92.58M | $87.78M | $79.69M | $106.40M | $145.51M | $142.92M | $147.62M | $143.19M | $150.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.96% | 1.15% | 1.00% | 1.09% | - | 1.18% | 1.54% | 1.09% | 1.39% | 1.49% | 1.48% | 1.64% | 1.21% | 1.01% | 1.02% | 1.03% | 1.04% | 1.01% |
Applied Industrial's average Quarter SG&A projection for Dec 23 is $208.66M, based on 2 Wall Street analysts, with a range of $204.62M to $218.82M. The forecast indicates a 2.08% 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 | Jul 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 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $2.42 | $2.39 | $2.52 | $2.09 | $2.00 | - | $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 | $2.92 | $2.59 | $2.40 | $2.46 | $2.77 | $2.46 | $2.20 | $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 | $3.10 | $2.75 | $2.55 | $2.61 | $2.94 | $2.61 | $2.34 | $2.29 | $2.67 | $2.57 | $2.24 | $2.10 | $2.31 | $2.29 | $1.77 | $1.74 | $1.66 | $1.53 | $1.09 | $1.28 | $1.19 | $1.06 | $0.77 | $0.64 | $0.69 | $1.02 | $0.97 | $1.01 | $1.18 | $1.17 |
| Low Forecast | $2.85 | $2.52 | $2.34 | $2.39 | $2.70 | $2.40 | $2.15 | $2.19 | $2.44 | $2.36 | $2.05 | $2.08 | $2.12 | $2.10 | $1.62 | $1.59 | $1.66 | $1.49 | $1.06 | $1.24 | $1.15 | $1.03 | $0.75 | $0.62 | $0.67 | $0.99 | $0.94 | $0.98 | $1.14 | $1.13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.10% | 1.17% | 1.25% | 1.22% | - | 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 $2.05 and a high estimate of $2.24. 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 | $79.48 | $105.71 | 33.00% | Buy |
| BXC | BlueLinx | $102.10 | $135.00 | 32.22% | Buy |
| CNM | Core & Main | $40.83 | $49.60 | 21.48% | Buy |
| SITE | SiteOne Landscape Supply | $141.04 | $151.71 | 7.57% | Hold |
| AIT | Applied Industrial | $203.98 | $218.33 | 7.04% | Buy |
| FERG | Ferguson | $193.07 | $206.00 | 6.70% | Buy |
| FAST | Fastenal Company | $69.82 | $63.44 | -9.14% | Hold |
| WSO | Watsco | $476.71 | $370.00 | -22.38% | Hold |
| GWW | W.W. Grainger | $993.82 | $760.25 | -23.50% | Buy |
AIT Forecast FAQ
Is Applied Industrial a good buy?
Yes, according to 5 Wall Street analysts, Applied Industrial (AIT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of AIT's total ratings.
What is AIT's price target?
Applied Industrial (AIT) average price target is $218.33 with a range of $210 to $230, implying a 7.04% from its last price of $203.98. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Applied Industrial stock go up soon?
According to Wall Street analysts' prediction for AIT stock, the company can go up by 7.04% (from the last price of $203.98 to the average price target of $218.33), up by 12.76% based on the highest stock price target, and up by 2.95% based on the lowest stock price target.
Can Applied Industrial stock reach $300?
AIT's average twelve months analyst stock price target of $218.33 does not support the claim that Applied Industrial can reach $300 in the near future.
What is Applied Industrial's current price target trend?
2 Wall Street analysts forecast a $220 price target for Applied Industrial (AIT) this month, up 7.85% from its last price of $203.98. Compared to the last 3 and 12 months, the average price target increased by 7.04% and increased by 6.63%, respectively.
What are Applied Industrial's analysts' financial forecasts?
Applied Industrial's analysts financial forecasts for the fiscal year (Jun 2025) are as follows: average revenue is $4.52B (high $4.71B, low $4.44B), average EBITDA is $485.56M (high $505.7M, low $477.33M), average net income is $379.07M (high $399.01M, low $369.07M), average SG&A $890.1M (high $927.02M, low $875.01M), and average EPS is $9.68 (high $10.19, low $9.43). AIT's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $4.71B (high $4.93B, low $4.61B), average EBITDA is $505.77M (high $530.41M, low $495.97M), average net income is $405.63M (high $431.31M, low $395.41M), average SG&A $927.15M (high $972.31M, low $909.19M), and average EPS is $10.36 (high $11.02, low $10.1).
Did the AIT's actual financial results beat the analysts' financial forecasts?
Based on Applied Industrial's last annual report (Jun 2023), the company's revenue was $3.13B, which missed the average analysts forecast of $5.19B by -39.83%. Apple's EBITDA was $473.15M, missing the average prediction of $518.85M by -8.81%. The company's net income was $346.74M, beating the average estimation of $332.92M by 4.15%. Apple's SG&A was $813.81M, missing the average forecast of $978.75M by -16.85%. Lastly, the company's EPS was $8.98, missing the average prediction of $9.29 by -3.30%. In terms of the last quarterly report (Sep 2023), Applied Industrial's revenue was $1.1B, missing the average analysts' forecast of $1.1B by -0.58%. The company's EBITDA was $120.68M, beating the average prediction of $118.4M by 1.92%. Applied Industrial's net income was $93.83M, beating the average estimation of $81.96M by 14.48%. The company's SG&A was $204.4M, missing the average forecast of $217.04M by -5.83%. Lastly, the company's EPS was $2.42, beating the average prediction of $2.09 by 15.61%