Alta Equipment Group Inc. (NYSE:ALTG) Stock Has Average Target Price of $9.83 According to Analysts

Posted by Stanley Muller on Oct 27th, 2026

Alta Equipment Group Inc. (NYSE:ALTG – Get Free Report) has been given an average recommendation of “Hold” by the five brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.83.

A number of research analysts recently weighed in on ALTG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Alta Equipment Group in a research note on Wednesday, August 26th. Northland Securities set a $12.00 price target on Alta Equipment Group in a research note on Friday, September 25th. Citigroup reissued an “outperform” rating on shares of Alta Equipment Group in a report on Friday, September 25th. Finally, Wall Street Zen raised Alta Equipment Group from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.

Check Out Our Latest Stock Analysis on ALTG

Institutional Trading of Alta Equipment Group

Several institutional investors have recently made changes to their positions in ALTG. NewEdge Advisors LLC lifted its holdings in Alta Equipment Group by 123.5% in the 1st quarter. NewEdge Advisors LLC now owns 117,418 shares of the company’s stock worth $631,000 after purchasing an additional 64,880 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Alta Equipment Group by 27.9% during the first quarter. Quantinno Capital Management LP now owns 114,033 shares of the company’s stock valued at $612,000 after buying an additional 24,908 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Alta Equipment Group by 22.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 80,419 shares of the company’s stock valued at $432,000 after buying an additional 14,933 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Alta Equipment Group in the third quarter worth $200,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Alta Equipment Group in the second quarter worth $150,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.

Alta Equipment Group Trading Up 1.1%

Shares of NYSE:ALTG opened at $6.29 on Tuesday. The stock has a 50 day moving average of $6.17 and a 200 day moving average of $6.47. The company has a market cap of $205.53 million, a PE ratio of -2.45 and a beta of 1.77. Alta Equipment Group has a 12-month low of $4.16 and a 12-month high of $8.69.

Alta Equipment Group (NYSE:ALTG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.04). The firm had revenue of $475.50 million during the quarter, compared to analysts’ expectations of $488.71 million. Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.42%. Equities research analysts predict that Alta Equipment Group will post -1.20 earnings per share for the current fiscal year.

About Alta Equipment Group

(Get Free Report)

Alta Equipment Group Inc is an equipment dealership and rental company that provides machinery, parts, service and support to customers in the construction, industrial, manufacturing, warehousing and related sectors. The company operates through construction and material-handling businesses, serving contractors, businesses and public-sector organizations.

Its construction equipment offerings include earthmoving machinery, aerial work platforms, cranes, compact equipment and other jobsite products.