Alta Equipment Stock Target Price and Analyst Consensus
| ALTG Stock | USD 11.71 0.67 5.41% |
The current analyst and expert consensus on Alta Equipment is Strong Buy, with 3 strong buy opinions. The current projected Alta Equipment target price consensus is 24.75 with 4 analyst opinions. The most common way Alta Equipment Group analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Alta Equipment executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Alta Equipment. We encourage you to use your own analysis of Alta Equipment Group to validate this buy or sell advice. Alta Equipment buy-or-sell recommendation module provides average expert sentiment on the projected Alta Equipment Group target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Alta Equipment to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 22.52 | Highest Forecast 27.47 | Target Price 24.75 |
Alta |
It's important to approach Alta Equipment's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Alta Equipment price targets
Alta Equipment's stock target price is an estimate of its future price, usually made by analysts. Using Alta Equipment's target price to determine if it is a suitable investment can be done through the following steps:- Look at Alta Equipment's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Alta Equipment's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Alta Equipment Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Alta Equipment is a key component of Alta Equipment valuation and have some predictive power on the future returns of a Alta Equipment.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alta Equipment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Check out Macroaxis Advice on Alta Equipment to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Alta Stock analysis
When running Alta Equipment's price analysis, check to measure Alta Equipment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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The data published in Alta Equipment's official financial statements usually reflect Alta Equipment's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Alta Equipment Group. For example, before you start analyzing numbers published by Alta accountants, it's critical to develop an understanding of what Alta Equipment's liquidity, profitability, and earnings quality are in the context of the Trading Companies & Distributors space in which it operates.
Please note, the presentation of Alta Equipment's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alta Equipment's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Alta Equipment's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Alta Equipment Group. Please utilize our Beneish M Score to check the likelihood of Alta Equipment's management manipulating its earnings.