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


The leading market experts have placed a mean price target of $61.67 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 $4.14 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 $64.52, and stock is hovering 2.61 or +4.04% distant from $64.52. It is noted that the 200-day MA is $57.54, and Alamo Group, Inc. Common Stock stock is $9.58 or +16.66% off from this point. Alamo Group, Inc. (NYSE:ALG) 52-week high is $68.04 and the 52-week low is $43.98. This explains if the stock moves $-0.91, it will post a 52-week high. In event of $+52.64% 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 17.36. The stock last ended the trading session at $67.13 and registered a market cap of $767.90M. 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 2.45.

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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