Mizuho has increased its price target for Applied Industrial Technologies (AIT, Financial) from $285 to $300, maintaining an Outperform rating on the stock. This decision comes as the firm recalibrates its outlook for electrical equipment and multi-industry sectors ahead of the earnings season, taking into account a slowdown in near-term demand and potential impacts of ongoing tariff disputes.
The analyst, Brett Linzey, noted that while first-quarter performance is generally expected to align with predictions, the attention of investors has shifted to the broader economic developments affecting the sector. An escalation in tariffs, particularly concerning China, is anticipated to present significant challenges. Companies have already begun raising their prices in response, yet Mizuho foresees inevitable "leakage" and persistent headwinds that may not be fully offset.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Applied Industrial Technologies Inc (AIT, Financial) is $287.86 with a high estimate of $320.00 and a low estimate of $265.00. The average target implies an upside of 34.38% from the current price of $214.21. More detailed estimate data can be found on the Applied Industrial Technologies Inc (AIT) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Applied Industrial Technologies Inc's (AIT, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Industrial Technologies Inc (AIT, Financial) in one year is $170.64, suggesting a downside of 20.34% from the current price of $214.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Industrial Technologies Inc (AIT) Summary page.
