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

Posted by Stanley Muller on Oct 2nd, 2026

Shares of Alta Equipment Group Inc. (NYSE:ALTG – Get Free Report) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.83.

Several equities research analysts have recently commented on ALTG shares. Wall Street Zen upgraded shares of Alta Equipment Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Alta Equipment Group in a report on Wednesday, August 26th. Northland Securities set a $12.00 price objective on shares of Alta Equipment Group in a research note on Friday, September 25th. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of Alta Equipment Group in a report on Wednesday, June 24th. Finally, Citigroup reiterated an “outperform” rating on shares of Alta Equipment Group in a research report on Friday, September 25th.

Get Our Latest Analysis on ALTG

Alta Equipment Group Stock Up 3.8%

Shares of ALTG opened at $6.31 on Friday. Alta Equipment Group has a 12-month low of $4.16 and a 12-month high of $8.69. The firm has a market capitalization of $206.12 million, a PE ratio of -2.45 and a beta of 1.77. The stock’s fifty day simple moving average is $6.38 and its 200-day simple moving average is $6.42.

Alta Equipment Group (NYSE:ALTG – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.42%.The firm had revenue of $475.50 million during the quarter, compared to analyst estimates of $488.71 million. Analysts anticipate that Alta Equipment Group will post -1.2 EPS for the current year.

Institutional Investors Weigh In On Alta Equipment Group

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Alta Equipment Group in the 1st quarter valued at approximately $65,000. Lazard Asset Management LLC bought a new position in Alta Equipment Group during the 1st quarter worth approximately $70,000. Ritholtz Wealth Management grew its holdings in Alta Equipment Group by 15.4% during the first quarter. Ritholtz Wealth Management now owns 15,576 shares of the company’s stock valued at $84,000 after purchasing an additional 2,073 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Alta Equipment Group by 173.8% during the first quarter. Public Employees Retirement System of Ohio now owns 16,700 shares of the company’s stock valued at $90,000 after purchasing an additional 10,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Alta Equipment Group by 22.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 80,419 shares of the company’s stock valued at $432,000 after purchasing an additional 14,933 shares in the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.

Alta Equipment Group Company Profile

(Get Free Report)

Alta Equipment Group Inc is a provider of industrial and construction equipment, offering equipment sales, rentals, parts and maintenance services to businesses across the United States. The company serves customers in industries such as construction, manufacturing, warehousing, logistics, infrastructure and government.

Its product offerings include material-handling equipment, such as forklifts and warehouse vehicles, as well as construction equipment including earthmoving machinery, aerial work platforms, cranes and related products.