Why Alta Equipment Group Is Reeling [Seeking Alpha]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Seeking Alpha
Follow Summary Alta Equipment Group Inc. stock is down some 45% in 2024 year to date as the company has delivered a couple of disappointing quarters. The company specializes in equipment rental and sales and has made several acquisitions to power growth. Alta Equipment Group restructured its balance sheet this spring, and a beneficial owner has been purchasing shares recently. An analysis of Alta Equipment Group follows in the paragraphs below. Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More » Luca Piccini Basile/iStock via Getty Images Today we take a look at equipment dealer Alta Equipment Group Inc. ( NYSE: ALTG whose stock has been under considerable pressure in 2024 (down 45% YTD) thanks to a couple of disappointing quarters. With net leverage north of 4 after a multi-year acquisition spree and a refinancing that pushed the maturity of its debt to 2029, and some recent in
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ALTG
News
- Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ALTG's page on the SEC website