Applied Tech (AIT) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Allison Poliniak maintained a Hold rating on Applied Tech (NYSE: AIT) on August 10. The company’s shares opened today at $73.90, close to its 52-week high of $77.15.

According to TipRanks.com, Poliniak is a 3-star analyst with an average return of 10.7% and a 68.0% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Nordson Corp, Greenbrier, and Idex Corp.

Applied Tech has an analyst consensus of Hold, with a price target consensus of $80.

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Applied Tech’s market cap is currently $2.85B and has a P/E ratio of 20.43. The company has a Price to Book ratio of 3.54.

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Applied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the Service Center Based Distribution and Fluid Power Business segments. The Service Center-Based Distribution segment provides customers with a wide range of industrial products through a network of service centers.

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