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Alamo Group Inc Market Cap
From what 4 stock analysts predict, the share price for Alamo Group Inc (ALG) might increase by 10.1% in the next year. This is based on a 12-month average estimation for ALG. Price targets go from $205 to $228. The majority of stock analysts believe ALG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Alamo Group Inc has a total of 4 Wall St Analyst ratings. There are 4 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Alamo Group Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of ALG.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Joseph Grabowski Baird | Outperform | $205 | Maintains | Nov 4, 2024 |
| Michael Shlisky DA Davidson | Buy | $219 | Maintains | Aug 28, 2024 |
| Michael Shlisky DA Davidson | Buy | $209 | Maintains | Aug 5, 2024 |
| Joseph Grabowski Baird | Outperform | $217 | Maintains | Aug 2, 2024 |
| Tim Moore EF Hutton | Buy | $270 | Maintains | Jun 13, 2024 |
| Michael Shlisky DA Davidson | Buy | $225 | Maintains | May 7, 2024 |
| Tim Moore EF Hutton | Buy | $270 | Maintains | May 6, 2024 |
| Michael Shlisky DA Davidson | Buy | $235 | Maintains | Feb 27, 2024 |
| Joseph Grabowski Baird | Outperform | $201 | Initiates | Sep 1, 2023 |
| Felix Boeschen Raymond James | Outperform | $210 | Maintains | Aug 4, 2023 |
| Tim Moore EF Hutton | Buy | $235 | Maintains | Aug 4, 2023 |
Raymond James | Outperform | Maintains | Jul 20, 2023 | |
| Felix Boeschen Raymond James | Outperform | $215 | Initiates | Jul 7, 2023 |
| Michael Shlisky DA Davidson | Buy | $212 | Maintains | Jun 8, 2023 |
| Tim Moore EF Hutton | Buy | $215 | Maintains | May 8, 2023 |
| Michael Shlisky DA Davidson | Buy | $196 | Upgrade | Mar 16, 2023 |
| Tim Moore EF Hutton | Buy | $210 | Maintains | Feb 27, 2023 |
| Michael Shlisky DA Davidson | Neutral | $173 | Maintains | Feb 27, 2023 |
| Tim Moore EF Hutton | Buy | $195 | Initiates | Oct 19, 2022 |
| Michael Shlisky DA Davidson | Neutral | $150 | Initiates | Oct 14, 2021 |
When did it IPO
1993
Staff Count
4,350
Country
United States
Sector/Industry
Industrials/Farm & Heavy Construction Machinery
CEO
Mr. Jeffery A. Leonard
Market Cap
$2.36B
In 2023, ALG generated $1.69B in revenue, which was a increase of 11.63% from the previous year. This can be seen as a signal that ALG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - ALG, GEF, and HTCMY are now on the Zacks Rank #5 (Strong Sell) List as of December 9, 2024.
Why It Matters - The addition of ALG, GEF, and HTCMY to the Zacks Rank #5 indicates potential declines in stock performance, signaling a sell or caution for investors.
Wed, 04 Dec 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Alamo Group Inc. (NYSE: ALG) has expanded its Board of Directors from eight to nine members, appointing Colleen Haley as a new independent member effective December 4, 2024.
Why It Matters - The addition of Colleen Haley to Alamo Group's Board may enhance governance and strategic direction, potentially impacting company performance and investor confidence.
Mon, 11 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - AMRK, ANIK, and ALG have been assigned a Zacks Rank #5 (Strong Sell) as of November 11, 2024.
Why It Matters - AMRK, ANIK, and ALG being ranked #5 (Strong Sell) suggests worsening fundamentals, potentially leading to stock price declines and increased risk for investors.
Fri, 01 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Alamo Group Inc (NYSE: ALG) will hold its Q3 2024 earnings conference call on November 1, 2024, at 10:00 AM ET, featuring key executives and financial analysts.
Why It Matters - The Q3 2024 earnings call for Alamo Group provides insights into financial performance and future outlook, crucial for assessing the company's growth potential and investment risks.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Alamo Group Inc. reported Q3 2024 net sales of $401.3 million, down 4.4% year-over-year. Net income was $27.4 million, with EPS of $2.28. Total debt decreased 60% to $84.1 million. Backlog at $728.8 million.
Why It Matters - Alamo Group's mixed Q3 results show declining sales but strong growth in the Industrial Equipment Division. Debt reduction and cost-saving measures may improve financial stability, impacting stock performance.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Alamo Group Inc. (NYSE: ALG) has approved a $50 million share repurchase program to enhance shareholder value, as part of its capital allocation strategy.
Why It Matters - The $50 million share repurchase program signals Alamo Group's confidence in its financial health and aims to enhance shareholder value, potentially boosting stock prices and investor returns.
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