APR 3·MarketBeat→
Alta Equipment Group Inc. (NYSE:ALTG) Receives Consensus Recommendation of "Hold" from Brokerages
Five analysts have issued a "Hold" consensus recommendation for Alta Equipment Group Inc. (NYSE:ALTG), with an average one-year price target of $12.17 against a current share price of $5.20. Recent insider selling by the CEO and CFO has occurred, though insiders still own a significant portion of the company and have made recent purchases. The company's latest financial results showed mixed performance with revenue beating estimates but EPS missing, alongside negative profitability and high leverage.
MAR 9·MarketBeat▲
Raymond James Financial Upgrades Alta Equipment Group (NYSE:ALTG) to Outperform
Raymond James Financial upgraded Alta Equipment Group (NYSE:ALTG) from "market perform" to "outperform" with a new price target of $9.50, representing a potential 43% upside. This upgrade comes despite Alta Equipment Group missing its quarterly EPS estimates and remaining unprofitable, though its revenue beat expectations. Insider selling by the CEO and CFO was noted, contrasting with significant institutional ownership.