Alta Equipment Group (ALTG) Stock Forecast, Price Target & Predictions
ALTG Stock Forecast
Alta Equipment Group stock forecast is as follows: an average price target of $14.50 (represents a 94.63% upside from ALTG’s last price of $7.45) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
ALTG Price Target
The average price target for Alta Equipment Group (ALTG) is $14.50 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $9.00. This represents a potential 94.63% upside from ALTG's last price of $7.45.
ALTG Analyst Ratings
According to 1 Wall Street analysts, Alta Equipment Group's rating consensus is 'Hold'. The analyst rating breakdown for ALTG stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Alta Equipment Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Frederic Bastien | Raymond James | $9.00 | $7.39 | 21.79% | 20.81% |
| May 21, 2024 | Matt Summerville | D.A. Davidson | $20.00 | $9.35 | 113.90% | 168.46% |
The latest Alta Equipment Group stock forecast, released on Nov 14, 2024 by Frederic Bastien from Raymond James, set a price target of $9.00, which represents a 21.79% increase from the stock price at the time of the forecast ($7.39), and a 20.81% increase from ALTG last price ($7.45).
Alta Equipment Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $9.00 | $9.00 | $14.50 |
| Last Closing Price | $7.45 | $7.45 | $7.45 |
| Upside/Downside | 20.81% | 20.81% | 94.63% |
In the current month, the average price target of Alta Equipment Group stock is $9.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 20.81% increase as opposed to Alta Equipment Group's last price of $7.45. This month's average price target is down 0.00% compared to last quarter, and down -37.93% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 14, 2024 | Raymond James | Market Perform | Market Perform | Hold |
| Aug 09, 2024 | Raymond James | - | Market Perform | Downgrade |
Alta Equipment Group's last stock rating was published by Raymond James on Nov 14, 2024. The company gave ALTG a "Market Perform" rating, the same as its previous rate.
Alta Equipment Group Financial Forecast
Alta Equipment Group Revenue Forecast
| 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 | - | - | - | - | - | - | - | - | - | $466.20M | $468.40M | $420.70M | $428.60M | $405.00M | $406.50M | $331.70M | $356.30M | $295.00M | $292.70M | $268.80M | $280.40M | $220.60M | $192.10M | $180.50M |
| Avg Forecast | $510.27M | $487.09M | $491.16M | $449.75M | $492.12M | $479.88M | $503.88M | $420.40M | $483.69M | $461.98M | $461.82M | $395.67M | $395.50M | $379.23M | $351.90M | $323.75M | $300.40M | $286.57M | $271.35M | $238.37M | $229.67M | $226.20M | $183.95M | $122.10M |
| High Forecast | $516.58M | $493.12M | $497.24M | $455.32M | $501.74M | $483.56M | $510.11M | $425.60M | $490.11M | $467.69M | $467.54M | $400.56M | $400.39M | $379.23M | $351.90M | $323.75M | $300.40M | $286.57M | $271.35M | $238.37M | $229.67M | $226.20M | $183.95M | $122.10M |
| Low Forecast | $502.13M | $479.33M | $483.34M | $442.58M | $479.52M | $476.19M | $495.85M | $413.70M | $474.91M | $454.62M | $454.47M | $389.36M | $389.20M | $379.23M | $351.90M | $323.75M | $300.40M | $286.57M | $271.35M | $238.37M | $229.67M | $226.20M | $183.95M | $122.10M |
| # Analysts | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.06% | 1.08% | 1.07% | 1.16% | 1.02% | 1.19% | 1.03% | 1.08% | 1.13% | 1.22% | 0.98% | 1.04% | 1.48% |
Alta Equipment Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $483.69M, with a low forecast of $474.91M, and a high forecast of $490.11M. ALTG's average Quarter revenue forecast represents a 3.75% increase compared to the company's last Quarter revenue of $466.20M (Sep 23).
Alta Equipment Group EBITDA Forecast
| 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 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | $50.30M | $49.40M | $41.20M | $41.10M | $43.50M | $40.70M | $29.10M | $29.30M | $30.60M | $14.70M | $21.90M | $23.10M | $25.50M | $17.90M | $1.70M |
| Avg Forecast | $43.24M | $41.27M | $41.62M | $38.11M | $41.70M | $40.66M | $42.70M | $35.62M | $40.99M | $39.15M | $39.13M | $33.53M | $33.51M | $28.49M | $26.43M | $24.32M | $22.56M | $21.53M | $20.38M | $16.06M | $17.25M | $16.99M | $13.82M | $1.31M |
| High Forecast | $43.77M | $41.79M | $42.13M | $38.58M | $42.52M | $40.98M | $43.22M | $36.06M | $41.53M | $39.63M | $39.62M | $33.94M | $33.93M | $28.49M | $26.43M | $24.32M | $22.56M | $21.53M | $20.38M | $19.27M | $17.25M | $16.99M | $13.82M | $1.58M |
| Low Forecast | $42.55M | $40.62M | $40.96M | $37.50M | $40.63M | $40.35M | $42.02M | $35.06M | $40.24M | $38.52M | $38.51M | $32.99M | $32.98M | $28.49M | $26.43M | $24.32M | $22.56M | $21.53M | $20.38M | $12.85M | $17.25M | $16.99M | $13.82M | $1.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.28% | 1.26% | 1.23% | 1.23% | 1.53% | 1.54% | 1.20% | 1.30% | 1.42% | 0.72% | 1.36% | 1.34% | 1.50% | 1.30% | 1.29% |
4 analysts predict ALTG's average Quarter EBITDA for Dec 23 to be $40.99M, with a high of $41.53M and a low of $40.24M. This is -18.52% lower than Alta Equipment Group's previous annual EBITDA (Sep 23) of $50.30M.
Alta Equipment Group Net Income Forecast
| 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 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | $7.40M | $2.40M | $1.00M | $-700.00K | $5.10M | $6.10M | $-7.80M | $-700.00K | $200.00K | $-14.60M | $-5.70M | $-3.20M | $300.00K | $-4.10M | $-17.00M |
| Avg Forecast | $-1.99M | $-2.66M | $-4.76M | $-13.62M | $-8.24M | $-4.73M | $6.31M | $-6.39M | $-332.08K | $2.74M | $3.32M | $-3.57M | $1.41M | $4.10M | $443.18K | $-2.44M | $1.25M | $997.19K | $-1.11M | $-4.18M | $-2.24M | $-332.40K | $-3.16M | $-13.14M |
| High Forecast | $-1.95M | $-2.60M | $-4.66M | $-13.33M | $-5.96M | $-4.63M | $6.41M | $-6.26M | $398.49K | $2.75M | $3.37M | $-3.50M | $1.43M | $4.10M | $443.18K | $-2.44M | $1.25M | $997.19K | $-1.11M | $-3.34M | $-2.24M | $-332.40K | $-3.16M | $-10.51M |
| Low Forecast | $-2.02M | $-2.70M | $-4.84M | $-13.83M | $-10.79M | $-4.81M | $6.18M | $-6.50M | $-730.57K | $2.73M | $3.25M | $-3.63M | $1.38M | $4.10M | $443.18K | $-2.44M | $1.25M | $997.19K | $-1.11M | $-5.02M | $-2.24M | $-332.40K | $-3.16M | $-15.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.70% | 0.72% | -0.28% | -0.50% | 1.24% | 13.76% | 3.20% | -0.56% | 0.20% | 13.18% | 1.36% | 1.43% | -0.90% | 1.30% | 1.29% |
Alta Equipment Group's average Quarter net income forecast for Dec 23 is $-332.08K, with a range of $-730.57K to $398.49K. ALTG's average Quarter net income forecast represents a -104.49% decrease compared to the company's last Quarter net income of $7.40M (Sep 23).
Alta Equipment Group SG&A Forecast
| 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 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | $106.80M | $105.20M | $104.00M | $96.40M | $94.20M | $88.80M | $82.90M | $76.50M | $72.90M | $71.60M | $64.90M | $62.80M | $58.40M | $43.70M | $51.10M |
| Avg Forecast | $121.40M | $115.89M | $116.86M | $107.01M | $117.09M | $114.17M | $119.88M | $100.02M | $115.08M | $109.92M | $109.88M | $94.14M | $94.10M | $90.23M | $83.73M | $77.03M | $71.47M | $68.18M | $64.56M | $47.59M | $54.64M | $53.82M | $43.77M | $39.50M |
| High Forecast | $122.91M | $117.32M | $118.31M | $108.33M | $119.38M | $115.05M | $121.37M | $101.26M | $116.61M | $111.28M | $111.24M | $95.30M | $95.26M | $90.23M | $83.73M | $77.03M | $71.47M | $68.18M | $64.56M | $57.11M | $54.64M | $53.82M | $43.77M | $47.40M |
| Low Forecast | $119.47M | $114.04M | $115.00M | $105.30M | $114.09M | $113.30M | $117.97M | $98.43M | $112.99M | $108.16M | $108.13M | $92.64M | $92.60M | $90.23M | $83.73M | $77.03M | $71.47M | $68.18M | $64.56M | $38.07M | $54.64M | $53.82M | $43.77M | $31.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.97% | 0.96% | 1.10% | 1.02% | 1.04% | 1.06% | 1.08% | 1.07% | 1.07% | 1.11% | 1.36% | 1.15% | 1.09% | 1.00% | 1.29% |
Alta Equipment Group's average Quarter SG&A projection for Dec 23 is $115.08M, based on 4 Wall Street analysts, with a range of $112.99M to $116.61M. The forecast indicates a 7.75% rise compared to ALTG last annual SG&A of $106.80M (Sep 23).
Alta Equipment Group EPS Forecast
| 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 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | $0.21 | $0.05 | $0.01 | $-0.02 | $0.14 | $0.17 | $-0.24 | $-0.02 | $0.01 | $-0.48 | $-0.19 | $-0.11 | $0.01 | $-0.14 | $-0.91 |
| Avg Forecast | $-0.06 | $-0.08 | $-0.14 | $-0.41 | $-0.25 | $-0.14 | $0.19 | $-0.19 | $-0.01 | $0.08 | $0.10 | $-0.11 | $0.04 | $0.12 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.15 | $-0.07 | $-0.01 | $-0.10 | $-0.41 |
| High Forecast | $-0.06 | $-0.08 | $-0.14 | $-0.40 | $-0.18 | $-0.14 | $0.19 | $-0.19 | $0.01 | $0.08 | $0.10 | $-0.11 | $0.04 | $0.12 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.15 | $-0.07 | $-0.01 | $-0.10 | $-0.41 |
| Low Forecast | $-0.06 | $-0.08 | $-0.15 | $-0.42 | $-0.32 | $-0.14 | $0.19 | $-0.20 | $-0.02 | $0.08 | $0.10 | $-0.11 | $0.04 | $0.12 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.15 | $-0.07 | $-0.01 | $-0.10 | $-0.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.55% | 0.50% | -0.09% | -0.51% | 1.14% | 12.75% | 3.27% | -0.58% | 0.21% | 14.40% | 1.23% | 1.56% | -1.00% | 1.47% | 2.22% |
According to 4 Wall Street analysts, Alta Equipment Group's projected average Quarter EPS for Dec 23 is $-0.01, with a low estimate of $-0.02 and a high estimate of $0.01. This represents a -104.76% decrease compared to ALTG previous annual EPS of $0.21 (Sep 23).
Alta Equipment Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ALTG | Alta Equipment Group | $7.45 | $14.50 | 94.63% | Hold |
| AAN | Aaron's Company | $10.09 | $13.03 | 29.14% | Hold |
| CTOS | Custom Truck One Source | $5.18 | $6.38 | 23.17% | Buy |
| GATX | GATX | $154.28 | $185.00 | 19.91% | Hold |
| PRG | PROG | $46.98 | $54.00 | 14.94% | Buy |
| HEES | H&E Equipment Services | $55.27 | $58.00 | 4.94% | Buy |
| MGRC | McGrath RentCorp | $117.97 | $120.00 | 1.72% | Buy |
| HRI | Herc | $213.45 | $197.25 | -7.59% | Buy |