Allete, Inc (NYSE:ALE) currently has a daily average trading volume of 359.72K but it saw 355634 shares traded in last market. With a market cap of 3.71B USD, the company’s current market price of $64.01 came falling about -0.45 while comparing to the previous closing price of $64.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $66.40 and as low as $61.51. In the recent trading on the day, stock has struck highest price mark of $64.04 while lowest mark touched by it was $64.35.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Guggenheim which upgraded the stock as “Neutral” in its note to investors issued on January 22, 2024, recommending a price target of $58 for it. Sidoti downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 10, 2024 while assigning a price target of $64. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $63 and $54.
Over the week, ALE’s stock price is moving -1.75% down while it is -1.75% when we observe its performance for the past one month. Year-to-date it is -1.22% down and over the past year, the stock is showing an upside performance of 1.60%.
The company is expected to be releasing its next quarterly report on 2025-May-08, for which analysts forecasted an EPS of 0.85 while estimate for next year EPS is 3.77.
Currently, Allete, Inc’s total number of outstanding shares is 58.00M. Company’s return on investment (ROI) stands at 3.93% and return on equity (ROE) at 6.49%. It has a price to earnings ratio (P/E ratio) of 20.08 while having a 15.18 of forward P/E ratio. Stock’s beta reads 0.78. Stock has a price to book (P/B) ratio of 1.30 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is 2.74% on average.
