$64.35
0.03% today
NYSE, Nov 21, 10:10 pm CET
ISIN
US0185223007
Symbol
ALE

ALLETE, Inc. Target price 2024 - Analyst rating & recommendation

ALLETE, Inc. Classifications & Recommendation:

Buy
25%
Hold
75%

ALLETE, Inc. Price Target

Target Price $66.00
Price $64.37
Potential
Number of Estimates 4
4 Analysts have issued a price target ALLETE, Inc. 2025 . The average ALLETE, Inc. target price is $66.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 4 analysts: 1 Analysts recommend ALLETE, Inc. to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the ALLETE, Inc. stock has an average upside potential 2025 of . Most analysts recommend the ALLETE, Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Dec '23 2024
Estimates
Revenue Billion $ 1.88 1.57
19.68% 16.32%
EBITDA Margin 23.02% 28.04%
3.95% 21.82%
Net Margin 13.22% 13.78%
6.30% 4.22%

1 Analyst has issued a sales forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. sales estimate is

$1.6b
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. This is
0.34% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.6b 0.34%
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, the lowest is
$1.6b 0.34%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 19.68%
2024
$1.6b 16.32%
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2025
$1.6b 2.86%
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2026
$1.7b 6.24%
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2027
$1.8b 6.69%
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2028
$2.0b 8.40%
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1 Analyst has issued an EBITDA forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. EBITDA estimate is

$441m
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. This is
2.44% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$441m 2.44%
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, the lowest is
$441m 2.44%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $433m 14.96%
2024
$441m 1.92%
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2025
$469m 6.35%
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2026
$554m 18.12%
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2027
$655m 18.23%
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2028
$786m 20.00%
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EBITDA Margin

2023 23.02% 3.95%
2024
28.04% 21.82%
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2025
28.99% 3.39%
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2026
32.23% 11.18%
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2027
35.71% 10.80%
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2028
39.54% 10.73%
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1 Analyst has issued a net profit forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. net profit estimate is

$217m
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. This is
20.19% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$217m 20.19%
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, the lowest is
$217m 20.19%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $249m 27.22%
2024
$217m 12.79%
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2025
$230m 6.13%
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2026
$261m 13.57%
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2027
$276m 5.75%
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2028
$306m 10.88%
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Net Margin

2023 13.22% 6.30%
2024
13.78% 4.22%
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2025
14.22% 3.19%
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2026
15.20% 6.89%
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2027
15.06% 0.92%
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2028
15.41% 2.32%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Dec '23 2024
Estimates
Earnings Per Share $ 4.30 3.75
27.22% 12.79%
P/E 17.17
EV/Sales 3.80

1 Analysts have issued a ALLETE, Inc. forecast for earnings per share. The average ALLETE, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.75
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. This is
20.19% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.75 20.19%
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, the lowest is
$3.75 20.19%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $4.30 27.22%
2024
$3.75 12.79%
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2025
$3.98 6.13%
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2026
$4.52 13.57%
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2027
$4.78 5.75%
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2028
$5.30 10.88%
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P/E ratio

Current 20.63 59.55%
2024
17.17 16.77%
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2025
16.17 5.82%
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2026
14.24 11.94%
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2027
13.47 5.41%
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2028
12.15 9.80%
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Based on analysts' sales estimates for 2024, the ALLETE, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.81 31.83%
2024
3.80 0.34%
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2025
3.69 2.78%
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2026
3.47 5.88%
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2027
3.26 6.27%
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2028
3.00 7.75%
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P/S ratio

Current 2.37 41.01%
2024
2.37 0.34%
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2025
2.30 2.78%
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2026
2.17 5.88%
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2027
2.03 6.27%
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2028
1.87 7.75%
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