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Alta Equipment Group (ALTG) Gets a Buy Rating from Colliers Securities

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Colliers Securities analyst Richard Ryan maintained a Buy rating on Alta Equipment Group (ALTGResearch Report) today and set a price target of $22.00. The company’s shares closed last Friday at $13.63.

According to TipRanks.com, Ryan is a 4-star analyst with an average return of 14.5% and a 57.9% success rate. Ryan covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Vishay Precision Group, and Ultra Clean Holdings.

Alta Equipment Group has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

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Based on Alta Equipment Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $295 million and net profit of $200K. In comparison, last year the company earned revenue of $221 million and had a net profit of $300K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALTG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Alta Equipment Group, Inc. owns and operates integrated equipment dealership platforms. It sells, rents, and provides parts and service support for several categories of equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment through its branch network. The company was founded in 1984 and is headquartered Livonia, MI.

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