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Why Applied Industrial Technologies (AIT) Could Be a Top Value Stock Pick

Zacks Equity Research
·2 mins read

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Applied Industrial Technologies, Inc. AIT.

Applied Industrial Technologies in Focus

AIT may be an interesting play thanks to its forward PE of 15.9, its P/S ratio of 0.7, and its decent dividend yield of 2.2%. These factors suggest that Applied Industrial Technologies is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AIT has decent revenue metrics to back up its earnings.

Applied Industrial Technologies, Inc. PE Ratio (TTM)

Applied Industrial Technologies, Inc. PE Ratio (TTM)
Applied Industrial Technologies, Inc. PE Ratio (TTM)

Applied Industrial Technologies, Inc. pe-ratio-ttm | Applied Industrial Technologies, Inc. Quote

But before you think that Applied Industrial Technologies is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.1% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.

This estimate strength is actually enough to push AIT to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.

So really, Applied Industrial Technologies is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>


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Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
 
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Zacks Investment Research