Baird analyst David Manthey maintains $Applied Industrial Technologies (AIT.US)$ with a buy rating, and maintains the target price at $250.
According to TipRanks data, the analyst has a success rate of 65.9% and a total average return of 16.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Applied Industrial Technologies (AIT.US)$'s main analysts recently are as follows:
The adjustment in the firm's expectations for Applied Industrial Technologies comes after the company reported fiscal Q1 adjusted earnings that exceeded both the firm's forecast and the consensus. The long-term secular growth trajectory is acknowledged, alongside the current macroeconomic environment and the more constrained capital deployment following the pandemic.
Applied Industrial Technologies reported a modest revenue increase in the first quarter, with a particularly strong September, and achieved record free cash flow during this period.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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