NYSE:ALE - ALLETE Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $62.25
  • Forecasted Upside: -11.85 %
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$70.62
▲ +0.61 (0.87%)
1 month | 3 months | 12 months
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Analyst Price Target for ALE

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$62.25
▼ -11.85% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for ALLETE in the last 3 months. The average price target is $62.25, with a high forecast of $66.00 and a low forecast of $57.00. The average price target represents a -11.85% upside from the last price of $70.62.
Hold
The current consensus among 4 investment analysts is to hold stock in ALLETE. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/26/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
1/24/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/23/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
7/22/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
10/20/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
1/18/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
3/19/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
4/18/2021

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/2/2021MizuhoBoost Price TargetNeutral$55.00 ➝ $62.00High
i
1/20/2021GuggenheimDowngradeBuy ➝ Neutral$66.00High
i
8/26/2020MizuhoLower Price TargetNeutral$66.00 ➝ $55.00High
i
6/1/2020JPMorgan Chase & Co.Lower Price TargetUnderweight$70.00 ➝ $64.00Low
i
5/7/2020Wells Fargo & CompanyLower Price TargetEqual Weight$86.00 ➝ $57.00Medium
i
4/2/2020SidotiDowngradeBuy ➝ Neutral$61.00Low
i
3/3/2020MizuhoUpgradeUnderperform ➝ Neutral$83.00 ➝ $74.00Medium
i
1/7/2020GuggenheimUpgradeNeutral ➝ BuyMedium
i
2/19/2019Williams CapitalUpgradeSell ➝ Hold$69.00 ➝ $76.00Low
i
Rating by Christopher Ellinghaus at Williams Capital
2/11/2019MizuhoDowngradeNeutral ➝ Underperform$79.30High
i
12/10/2018Williams CapitalDowngradeHold ➝ Sell$69.00Low
i
Rating by C. Ellinghaus at Williams Capital
9/17/2018Wells Fargo & CompanyBoost Price TargetMarket Perform$76.00 ➝ $77.00Low
i
7/23/2018GuggenheimReiterated RatingHold$71.00Low
i
6/11/2018Williams CapitalDowngradeBuy ➝ Hold$76.00 ➝ $73.00High
i
Rating by C. Ellinghaus at Williams Capital
5/7/2018MizuhoDowngradeBuy ➝ Neutral$71.50Medium
i
4/10/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Underweight$64.00 ➝ $66.00Low
i
3/16/2018JPMorgan Chase & Co.Reiterated RatingUnderweight ➝ Underweight$60.00 ➝ $64.00High
i
2/28/2018MizuhoInitiated CoverageBuy$71.50Low
i
2/23/2018GuggenheimReiterated RatingHold$63.00Low
i
2/13/2018Wells Fargo & CompanySet Price TargetHold$81.00 ➝ $71.00Low
i
Rating by Sarah Akers at Wells Fargo & Company
2/2/2018Williams CapitalUpgradeHold ➝ Buy$76.00Low
i
Rating by C. Ellinghaus at Williams Capital
1/25/2018JPMorgan Chase & Co.Lower Price TargetUnderweight ➝ Underweight$76.00 ➝ $73.00Low
i
11/15/2017JPMorgan Chase & Co.Boost Price TargetUnderweight$73.00 ➝ $76.00N/A
i
10/20/2017LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$78.00N/A
i
Rating by Brian Russo at LADENBURG THALM/SH SH
10/12/2017Williams CapitalReiterated RatingBuy ➝ Hold$79.00N/A
i
Rating by C. Ellinghaus at Williams Capital
10/12/2017JPMorgan Chase & Co.Boost Price TargetUnderweight$66.00 ➝ $73.00N/A
i
6/19/2017Williams CapitalBoost Price TargetBuy ➝ Buy$75.00 ➝ $78.00Low
i
6/9/2017LADENBURG THALM/SH SHBoost Price TargetBuy$71.00 ➝ $77.00Low
i
4/21/2017Williams CapitalBoost Price TargetBuy ➝ Buy$70.00 ➝ $75.00Medium
i
11/4/2016GuggenheimInitiated CoverageNeutralN/A
i
11/3/2016MacquarieInitiated CoverageNeutralN/A
i
9/12/2016KeyCorpSet Price TargetBuy$65.50N/A
i
Rating by paul ridzon at KeyCorp
7/4/2016JPMorgan Chase & Co.Reiterated RatingSellN/A
i
7/1/2016KeyCorpReiterated RatingOutperform$61.50 ➝ $65.50N/A
i
5/25/2016Williams CapitalUpgradeHold ➝ Buy$60.00 ➝ $63.00N/A
i
Rating by C. Ellinghaus at Williams Capital
(Data available from 4/18/2016 forward)
ALLETE logo
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
Read More

Today's Range

Now: $70.62
$70.40
$71.30

50 Day Range

MA: $67.22
$61.28
$71.84

52 Week Range

Now: $70.62
$48.22
$72.60

Volume

1,361,110 shs

Average Volume

385,349 shs

Market Capitalization

$3.69 billion

P/E Ratio

20.71

Dividend Yield

3.59%

Beta

0.43

Frequently Asked Questions

What sell-side analysts currently cover shares of ALLETE?

The following Wall Street research analysts have issued reports on ALLETE in the last twelve months: Guggenheim, JPMorgan Chase & Co., Mizuho, TheStreet, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for ALE.

What is the current price target for ALLETE?

4 Wall Street analysts have set twelve-month price targets for ALLETE in the last year. Their average twelve-month price target is $62.25, suggesting a possible downside of 11.9%. Guggenheim has the highest price target set, predicting ALE will reach $66.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $57.00 for ALLETE in the next year.
View the latest price targets for ALE.

What is the current consensus analyst rating for ALLETE?

ALLETE currently has 1 sell rating and 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in ALE, but not buy more shares or sell existing shares.
View the latest ratings for ALE.

What other companies compete with ALLETE?

How do I contact ALLETE's investor relations team?

ALLETE's physical mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. The utilities provider's listed phone number is 218-279-5000. The official website for ALLETE is www.allete.com.