Stock To Watch: Alamo Group, Inc. (NYSE:ALG)


The leading market experts have placed a mean price target of $59.00 on Alamo Group, Inc. (NYSE:ALG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.33 a share for the upcoming quarter and $4.13 for the current fiscal. Technical View The technical analysis of Alamo Group, Inc. Common Stock plainly substantiates that the 50-day moving average of Alamo Group, Inc. Common Stock is $58.77, and stock is hovering 5.72 or +9.73% distant from $58.77. It is noted that the 200-day MA is $55.10, and Alamo Group, Inc. Common Stock stock is $9.39 or +17.04% off from this point. Alamo Group, Inc. (NYSE:ALG) 52-week high is $64.97 and the 52-week low is $43.98. This explains if the stock moves $-0.48, it will post a 52-week high. In event of $+46.63% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Alamo Group, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Alamo Group, Inc. (NYSE:ALG) ratio came in at 16.67. The stock last ended the trading session at $64.49 and registered a market cap of $737.70M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Alamo Group, Inc. (NYSE:ALG) PEG ratio is at 2.33.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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