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NYSE: ALTG
Alta Equipment Group Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for ALTG

Based on 2 analysts offering 12 month price targets for Alta Equipment Group Inc.
Min Forecast
$10.00+49.48%
Avg Forecast
$11.00+64.42%
Max Forecast
$12.00+79.37%

Should I buy or sell ALTG stock?

Based on 2 analysts offering ratings for Alta Equipment Group Inc.
Buy
Strong Buy
1 analysts 50%
Buy
0 analysts 0%
Hold
1 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ALTG stock forecasts and price targets.

ALTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-08-13
lockedlocked$00.00+00.00%2024-08-09

1 of 1

Forecast return on equity

Is ALTG forecast to generate an efficient return?
Company
-5.55%
Industry
774.13%
Market
48.37%
ALTG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ALTG forecast to generate an efficient return on assets?
Company
-0.44%
Industry
17.24%
ALTG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALTG earnings per share forecast

What is ALTG's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
-$1.04
Avg 2 year Forecast
-$0.61
Avg 3 year Forecast
-$0.55

ALTG revenue forecast

What is ALTG's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$1.9B-5.22%
Avg 2 year Forecast
$2.0B-3.61%
Avg 3 year Forecast
$2.0B-2.1%
ALTG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALTG revenue growth forecast

How is ALTG forecast to perform vs Rental & Leasing Services companies and vs the US market?
Company
-0.69%
Industry
17.12%
Market
9.31%
ALTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALTG vs Rental & Leasing Service Stocks

TickerPricePrice TargetUp/downsideConsensus
ALTG$6.69$11.00+64.42%Buy
AAN$10.06$10.08+0.15%Hold
MPU$1.31N/AN/A
EHGO$2.15N/AN/A
FPAY$1.00$2.50+150.00%Buy
View Top Rental & Leasing Service Stocks

Alta Equipment Group Stock Forecast FAQ

Is Alta Equipment Group Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NYSE: ALTG) stock is to Buy ALTG stock.

Out of 2 analysts, 1 (50%) are recommending ALTG as a Strong Buy, 0 (0%) are recommending ALTG as a Buy, 1 (50%) are recommending ALTG as a Hold, 0 (0%) are recommending ALTG as a Sell, and 0 (0%) are recommending ALTG as a Strong Sell.

If you're new to stock investing, here's how to buy Alta Equipment Group stock.

What is ALTG's earnings growth forecast for 2024-2026?

(NYSE: ALTG) Alta Equipment Group's forecast annual earnings growth rate of N/A is not forecast to beat the US Rental & Leasing Services industry's average forecast earnings growth rate of 2.42%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.58%.

Alta Equipment Group's earnings in 2024 is -$21,300,000.On average, 3 Wall Street analysts forecast ALTG's earnings for 2024 to be -$34,416,241, with the lowest ALTG earnings forecast at -$37,394,569, and the highest ALTG earnings forecast at -$32,430,688. On average, 3 Wall Street analysts forecast ALTG's earnings for 2025 to be -$20,186,449, with the lowest ALTG earnings forecast at -$29,783,285, and the highest ALTG earnings forecast at -$14,229,792.

In 2026, ALTG is forecast to generate -$18,200,896 in earnings, with the lowest earnings forecast at -$18,200,896 and the highest earnings forecast at -$18,200,896.

What is ALTG's revenue growth forecast for 2024-2026?

(NYSE: ALTG) Alta Equipment Group's forecast annual revenue growth rate of -0.69% is not forecast to beat the US Rental & Leasing Services industry's average forecast revenue growth rate of 17.12%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.31%.

Alta Equipment Group's revenue in 2024 is $2,049,600,000.On average, 3 Wall Street analysts forecast ALTG's revenue for 2024 to be $64,289,206,441, with the lowest ALTG revenue forecast at $64,232,618,199, and the highest ALTG revenue forecast at $64,401,390,148. On average, 3 Wall Street analysts forecast ALTG's revenue for 2025 to be $65,378,811,380, with the lowest ALTG revenue forecast at $64,312,371,218, and the highest ALTG revenue forecast at $66,168,531,731.

In 2026, ALTG is forecast to generate $66,400,841,354 in revenue, with the lowest revenue forecast at $66,400,841,354 and the highest revenue forecast at $66,400,841,354.

What is ALTG's forecast return on assets (ROA) for 2024-2027?

(NYSE: ALTG) forecast ROA is -0.44%, which is lower than the forecast US Rental & Leasing Services industry average of 17.24%.

What is ALTG's Price Target?

According to 2 Wall Street analysts that have issued a 1 year ALTG price target, the average ALTG price target is $11.00, with the highest ALTG stock price forecast at $12.00 and the lowest ALTG stock price forecast at $10.00.

On average, Wall Street analysts predict that Alta Equipment Group's share price could reach $11.00 by Aug 13, 2025. The average Alta Equipment Group stock price prediction forecasts a potential upside of 64.42% from the current ALTG share price of $6.69.

What is ALTG's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: ALTG) Alta Equipment Group's current Earnings Per Share (EPS) is -$0.64. On average, analysts forecast that ALTG's EPS will be -$1.04 for 2024, with the lowest EPS forecast at -$1.13, and the highest EPS forecast at -$0.98. On average, analysts forecast that ALTG's EPS will be -$0.61 for 2025, with the lowest EPS forecast at -$0.90, and the highest EPS forecast at -$0.43. In 2026, ALTG's EPS is forecast to hit -$0.55 (min: -$0.55, max: -$0.55).

What is ALTG's forecast return on equity (ROE) for 2024-2027?

(NYSE: ALTG) forecast ROE is -5.55%, which is considered weak.
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