Analysts Set Alta Equipment Group Inc. (NYSE:ALTG) Target Price at $12.17
Alta Equipment Group (NYSE:ALTG) has a consensus “Hold” rating from five covering analysts, with an average 1-year price target of $12.1667. Ratings include one sell, two hold, and two buy. The article cites Alta’s May 7 earnings: EPS -$0.62 vs -$0.59 expected; revenue $410.5M vs $424.18M.
How this was made
The 30-second read
Why it matters
For traders, the actionable signal is the distribution of ratings (1 Sell, 2 Hold, 2 Buy) and the consensus 1-year target, but there is no new fundamental disclosure beyond what the May earnings already contained.
Market read
This is primarily a sentiment/target recap around ALTG with mixed analyst calls and a prior-quarter EPS/revenue miss; it offers limited new trading impetus.
What to watch
The article highlights leverage (debt-to-equity 257.10) and weak liquidity (quick ratio 0.47), which can dominate valuation narratives even if analyst targets are higher.
Background
The piece compiles analyst ratings/price targets and reiterates Alta Equipment Group’s most recent earnings (reported May 7).
Ticker impact
Alta Equipment Group is the article’s subject, summarizing analyst consensus, recent rating changes, and the latest reported quarter results.
Likely limited upside follow-through unless new fundamentals emerge; near-term trading may track analyst target/ratings dispersion rather than a fresh catalyst.
The only new decision-relevant items here are the analyst rating/target consensus and the recap of the May 7 earnings print; no new earnings, guidance, or corporate action is disclosed in this article.
Market effects
Limited read-through to the broader equipment distribution/industrial services space because the article contains no sector-wide regulatory or demand shock.
No specific regional demand or policy catalyst is cited; impact is company-specific.
No global macro or supply-chain event is tied to Alta Equipment Group in this text.
Counterpoint
The consensus target (~$12.17) sits well above the recent $7.14 open, so the stock could re-rate if investors focus on valuation/mean-reversion rather than the earnings miss.
Key entities
- companyAlta Equipment Group Inc.
NYSE-listed distributor of material handling and logistics equipment; subject of analyst consensus and earnings recap.
- analyst_firmDA Davidson
Upgraded Alta Equipment Group to a Hold rating (May 6).
- analyst_firmRaymond James Financial
Upgraded to Outperform and set a $9.50 target (Mar 9).
- analyst_firmWeiss Ratings
Reiterated a Sell (d-) rating (May 29).
- analyst_firmWall Street Zen
Lowered from Hold to Sell (Jun 13).
