
ALTG Stock Forecast & Price Target
ALTG Analyst Ratings
Bulls say
Alta Equipment Group Inc. is positioned favorably due to the expected increase in non-residential construction starts from $447 billion in 2024 to $552 billion by 2028, along with elevated industrial spending anticipated in the long term. This positive outlook is further supported by the expected recovery in construction equipment demand beginning in 2025, the growth of high-margin parts and service revenue, and cost efficiencies that contribute to run-rate savings. Additionally, ongoing product support growth and restructuring initiatives are likely to enhance operational productivity and positively impact selling, general, and administrative expenses (SG&A).
Bears say
The financial outlook for Alta Equipment Group Inc is concerning primarily due to a 9% decline in core Material Handling equipment sales compared to the prior year, despite a slight improvement in segment operating margins driven by cost-management efforts. Additionally, the company has lowered its full-year 2025 EBITDA forecast by $3.5 million to reflect the impact of divesting an Illinois aerial rental business, indicating potential challenges in maintaining revenue streams. Furthermore, the company's net leverage remains elevated at 4.6x 2025E EBITDA, suggesting heightened financial risk and reduced flexibility in managing debt obligations.
This aggregate rating is based on analysts' research of Alta Equipment Group Inc. and is not a guaranteed prediction by Public.com or investment advice.
ALTG Analyst Forecast & Price Prediction
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ALTG Analyst Forecast & Price Prediction
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