In a report released today, Alex Rygiel from B.Riley FBR reiterated a Buy rating on Alta Equipment Group (ALTG), with a price target of $10.00. The company's shares closed last Thursday at $4.14, close to its 52-week low of $3.59.
According to TipRanks.com, Rygiel is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.1% and a 43.4% success rate. Rygiel covers the Services sector, focusing on stocks such as Select Interior Concepts, Granite Construction, and Orion Group Holdings.
Currently, the analyst consensus on Alta Equipment Group is a Moderate Buy with an average price target of $9.25.
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Alta Equipment Group's market cap is currently $122.2M and has a P/E ratio of 8.00. The company has a Price to Book ratio of 0.92.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALTG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alta Equipment Group, Inc. owns and operates integrated equipment dealership platforms. It sells, rents, and provides parts and service support for several categories of equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment through its branch network. The company was founded in 1984 and is headquartered Livonia, MI.
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