Is Applied Industrial Technologies Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: AIT) stock is to Strong Buy AIT stock.
Out of 3 analysts, 2 (66.67%) are recommending AIT as a Strong Buy, 1 (33.33%) are recommending AIT as a Buy, 0 (0%) are recommending AIT as a Hold, 0 (0%) are recommending AIT as a Sell, and 0 (0%) are recommending AIT as a Strong Sell.
What is AIT's forecast return on equity (ROE) for 2024-2024?
(NYSE: AIT) forecast ROE is 21.05%, which is considered strong.
What is AIT's Price Target?
According to 3 Wall Street analysts that have issued a 1 year AIT price target, the average AIT price target is $180.33, with the highest AIT stock price forecast at $185.00 and the lowest AIT stock price forecast at $174.00.
On average, Wall Street analysts predict that Applied Industrial Technologies's share price could reach $180.33 by Aug 14, 2024. The average Applied Industrial Technologies stock price prediction forecasts a potential upside of 16.66% from the current AIT share price of $154.58.
What is AIT's forecast return on assets (ROA) for 2024-2024?
(NYSE: AIT) forecast ROA is 11.19%, which is lower than the forecast US Industrial Distribution industry average of 16.31%.
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