Applied Industrial Technologies, Inc. with ticker code (AIT) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between 170 and 161 suggesting an average Analsyt target price of $164.33. Given that the stocks previous close was at $129.28 and the analysts are correct then there would likely be a percentage uptick in value of 27.1%. Also worth taking note is the 50 day moving average now sits at $133.48 and the 200 day moving average is $125.42. The company has a market cap of 4.89B. The current stock price for Targa Resources Corp. is currently 126.62 USD
The potential market cap would be $6,221,332,048 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 14.88, revenue per share of 111.97 and a 11.37% return on assets.
Applied Industrial Technologies, Inc. is a distributor and solutions provider of industrial motion, power, control, and automation technologies. Its segments include Service Center Based Distribution and Fluid Power & Flow Control. Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. Fluid Power & Flow Control segment includes its operations in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.
