AptarGroup, Inc. (AIT, Financial) anticipates its fourth quarter total sales to vary between a 1% decrease to a 3% increase. The company expects EBITDA margins to be within the range of 12.3% to 12.4% during this period.
The sales forecast is based on an assumption that average daily sales will drop organically by a mid to low single-digit percentage compared to the previous year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Applied Industrial Technologies Inc (AIT, Financial) is $287.86 with a high estimate of $320.00 and a low estimate of $265.00. The average target implies an upside of 18.32% from the current price of $243.28. More detailed estimate data can be found on the Applied Industrial Technologies Inc (AIT) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Applied Industrial Technologies Inc's (AIT, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Industrial Technologies Inc (AIT, Financial) in one year is $170.64, suggesting a downside of 29.86% from the current price of $243.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Industrial Technologies Inc (AIT) Summary page.
