ALTG 📈 Alta Equipment - Overview
Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US02128L1061
ALTG: Lift Trucks, Earthmoving Equipment, Cranes, Aerial Platforms, Paving Equipment
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Web URL: https://www.altg.com
Additional Sources for ALTG Stock
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
ALTG Stock Overview
Market Cap in USD | 263m |
Sector | Industrials |
Industry | Rental & Leasing Services |
GiC Sub-Industry | Trading Companies & Distributors |
IPO / Inception | 2019-04-25 |
ALTG Stock Ratings
Growth 5y | -25.8% |
Fundamental | 9.44% |
Dividend | 74.2% |
Rel. Strength Industry | -286 |
Analysts | 4/5 |
Fair Price Momentum | 6.20 USD |
Fair Price DCF | 3.84 USD |
ALTG Dividends
Dividend Yield 12m | 12.00% |
Yield on Cost 5y | 8.82% |
Annual Growth 5y | 41.42% |
Payout Consistency | 100.0% |
ALTG Growth Ratios
Growth Correlation 3m | 69.6% |
Growth Correlation 12m | -79.2% |
Growth Correlation 5y | 19.2% |
CAGR 5y | -5.96% |
CAGR/Mean DD 5y | -0.22 |
Sharpe Ratio 12m | -0.62 |
Alpha | -75.52 |
Beta | 1.36 |
Volatility | 64.71% |
Current Volume | 257.2k |
Average Volume 20d | 216.1k |
What is the price of ALTG stocks?
As of December 22, 2024, the stock is trading at USD 6.65 with a total of 257,224 shares traded.
Over the past week, the price has changed by -9.89%, over one month by -10.74%, over three months by +0.65% and over the past year by -39.64%.
As of December 22, 2024, the stock is trading at USD 6.65 with a total of 257,224 shares traded.
Over the past week, the price has changed by -9.89%, over one month by -10.74%, over three months by +0.65% and over the past year by -39.64%.
Is Alta Equipment a good stock to buy?
Neither. Based on ValueRay Fundamental Analyses, Alta Equipment is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 9.44 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of ALTG as of December 2024 is 6.20. This means that ALTG is currently overvalued and has a potential downside of -6.77%.
Neither. Based on ValueRay Fundamental Analyses, Alta Equipment is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 9.44 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of ALTG as of December 2024 is 6.20. This means that ALTG is currently overvalued and has a potential downside of -6.77%.
Is ALTG a buy, sell or hold?
Alta Equipment has received a consensus analysts rating of 4.00. Therefor, it is recommend to buy ALTG.
Alta Equipment has received a consensus analysts rating of 4.00. Therefor, it is recommend to buy ALTG.
- Strong Buy: 2
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecast for ALTG stock price target?
According to ValueRays Forecast Model, ALTG Alta Equipment will be worth about 7 in December 2025. The stock is currently trading at 6.65. This means that the stock has a potential upside of +4.81%.
According to ValueRays Forecast Model, ALTG Alta Equipment will be worth about 7 in December 2025. The stock is currently trading at 6.65. This means that the stock has a potential upside of +4.81%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 12.7 | 90.4% |
Analysts Target Price | 24.8 | 272.2% |
ValueRay Target Price | 7 | 4.8% |