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How to buy Alta Equipment Group stock
Learn how to easily invest in Alta Equipment Group stock.
Alta Equipment Group Inc is a rental & leasing services business based in the US. Alta Equipment Group shares (ALTG) are listed on the NYSE and all prices are listed in US Dollars. Alta Equipment Group employs 2,250 staff and has a trailing 12-month revenue of around $1.4 billion.
How to buy shares in Alta Equipment Group
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- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – ALTG – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Alta Equipment Group stock price (NYSE: ALTG)Use our graph to track the performance of ALTG stocks over time.
Alta Equipment Group shares at a glance
|Latest market close||$10.97|
|52-week range||$8.61 - $17.30|
|50-day moving average||$11.97|
|200-day moving average||$12.08|
|Wall St. target price||$20.25|
|Dividend yield||$0.057 (2.03%)|
|Earnings per share (TTM)||$0.06|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Alta Equipment Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Alta Equipment Group price performance over time
|1 week (2022-09-23)||-2.32%|
|1 month (2022-09-01)||-6.40%|
|3 months (2022-07-01)||20.68%|
|6 months (2022-04-01)||-20.45%|
|1 year (2021-10-01)||-20.33%|
|2 years (2020-10-01)||39.57%|
|3 years (2019-09-27)||N/A|
|5 years (2017-09-27)||N/A|
Is Alta Equipment Group stock undervalued or overvalued?
Valuing Alta Equipment Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Alta Equipment Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Alta Equipment Group's P/E ratio
Alta Equipment Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 182x. In other words, Alta Equipment Group shares trade at around 182x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Alta Equipment Group's EBITDA
Alta Equipment Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $128.1 million.
The EBITDA is a measure of a Alta Equipment Group's overall financial performance and is widely used to measure a its profitability.
Alta Equipment Group financials
|Revenue TTM||$1.4 billion|
|Operating margin TTM||2.3%|
|Gross profit TTM||$314.4 million|
|Return on assets TTM||2.15%|
|Return on equity TTM||3.27%|
|Market capitalisation||$348.6 million|
TTM: trailing 12 months
Alta Equipment Group share dividends
Dividend payout ratio: 142.5% of net profits
Recently Alta Equipment Group has paid out, on average, around 142.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.03% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Alta Equipment Group shareholders could enjoy a 2.03% return on their shares, in the form of dividend payments. In Alta Equipment Group's case, that would currently equate to about $0.057 per share.
Alta Equipment Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Alta Equipment Group's most recent dividend payout was on 30 August 2022. The latest dividend was paid out to all shareholders who bought their shares by 11 August 2022 (the "ex-dividend date").
Alta Equipment Group share price volatility
Over the last 12 months, Alta Equipment Group's shares have ranged in value from as little as $8.6126 up to $17.3049. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Alta Equipment Group's is 1.7426. This would suggest that Alta Equipment Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Alta Equipment Group overview
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors.
Alta Equipment Group in the news
Should We Be Cautious About Alta Equipment Group Inc.'s (NYSE:ALTG) ROE Of 3.2%?
Frequently asked questionsWhat percentage of Alta Equipment Group is owned by insiders or institutions?
Currently 22.035% of Alta Equipment Group shares are held by insiders and 68.131% by institutions. How many people work for Alta Equipment Group?
Latest data suggests 2,250 work at Alta Equipment Group. When does the fiscal year end for Alta Equipment Group?
Alta Equipment Group's fiscal year ends in December. Where is Alta Equipment Group based?
Alta Equipment Group's address is: 13211 Merriman Road, Livonia, MI, United States, 48150-1826 What is Alta Equipment Group's ISIN number?
Alta Equipment Group's international securities identification number is: US02128L1061 What is Alta Equipment Group's CUSIP number?
Alta Equipment Group's Committee on Uniform Securities Identification Procedures number is: 02128L106
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