ALTG:NYE-Alta Equipment Group Inc (USD)

COMMON STOCK | Rental & Leasing Services | NYE

Last Closing Price

USD 12.02

Change

-0.20 (-1.64)%

Market Cap

USD 0.39B

Volume

0.05M

Avg Analyst Target

USD 19.75 (+64.31%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

ALTG Stock Forecast & Price:
Based on the Alta Equipment Group Inc stock forecasts from 3 analysts, the average analyst target price for Alta Equipment Group Inc is USD 19.75 over the next 12 months. Alta Equipment Group Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Alta Equipment Group Inc is Bearish, which is based on 4 positive signals and 10 negative signals. At the last closing, Alta Equipment Group Inc’s stock price was USD 12.02. Alta Equipment Group Inc’s stock price has changed by -0.17% over the past week, -0.50% over the past month and -14.51% over the last year.

About Alta Equipment Group Inc (ALTG:NYE)

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and provides parts and service support f ...Read More

Company Website : https://www.altaequipment.com

Address : 13211 Merriman Road, Livonia, MI, United States, 48150-1826

Employees : 2,250

Fiscal Year End : December

Currency: USD

Country : USA

Technical Indicators

Beta : 1.62

52 Week High : 15.23

Short Ratio : 3.06

52 Week Low : 8.58

Shorted Shares : 179,454

200 Day Moving Average : 11.54

Shorted Shares Previous Month : 275,384

50 Day Moving Average : 11.78

Shares Held By Insiders : 22.02%

Short Percentage : 0.87%

Shares Held by Institutions : 68.13%

Dividend Yield : 1.94%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-12-07 )

Largest Industry Peers for Rental & Leasing Services

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
URI United Rentals Inc

+4.23 (+1.22%)

 USD24.07B 12.29 6.86
AER AerCap Holdings NV

-1.01 (-1.68%)

 USD14.50B 6.86 15.89
UHAL Amerco

+0.80 (+1.26%)

 USD13.11B 12.07 7.17
UHALB AMERCO

-0.31 (-0.51%)

 USD12.52B 10.47 7.17
R Ryder System Inc

-0.23 (-0.27%)

 USD4.32B 5.29 3.48
AL Air Lease Corporation

-0.52 (-1.35%)

 USD4.20B 10.91 25.39
AL-PA Air Lease Corporation

+0.17 (+0.72%)

 USD4.00B 6.56 N/A
TRTN Triton International Group Inc

+0.13 (+0.20%)

 USD3.97B 6.03 8.67
GATX GATX Corporation

+0.65 (+0.60%)

 USD3.90B 23.62 13.04
HRI Herc Holdings Inc

+2.08 (+1.65%)

 USD3.78B 12.90 6.66

ETFs Containing ALTG

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Rental & Leasing Services)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -17.90% 29% F 46% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -17.90% 24% F 40% F
Trailing 12 Months  
Capital Gain -15.17% 43% F 52% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -15.17% 33% F 45% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 26.46% 85% B 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 26.46% 85% B 89% B+
Risk Return Profile  
Volatility (Standard Deviation) 54.77% 30% F 15% F
Risk Adjusted Return 48.32% 90% A- 77% C+
Market Capitalization 0.39B 22% F 44% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Rental & Leasing Services)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 61.10 5% F 8% F
Price/Book Ratio 2.80 25% F 30% F
Price / Cash Flow Ratio 12.81 11% F 30% F
EV/EBITDA 8.08 44% F 47% F
Management Effectiveness  
Return on Equity 6.87% 30% F 42% F
Return on Invested Capital 2.19% 22% F 37% F
Return on Assets 2.57% 22% F 52% F
Debt to Equity Ratio 230.14% 52% F 13% F
Technical Ratios  
Dividend Yield 1.94% 29% F 31% F
Short Ratio 3.06 69% D+ 37% F
Short Percent 0.87% 87% B+ 78% C+
Beta 1.62 36% F 15% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment
Stock Target Advisor

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector