Why Alamo Group, Inc. (NYSE:ALG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $61.330 on Alamo Group, Inc. (NYSE:ALG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.840 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Alamo Group, Inc. (NYSE:ALG) stands at 16.466.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Alamo Group, Inc. Common Stock, the PEG ratio for coming 3-5 years is 2.550.

Technical Analysis

The technical analysis highlights that Alamo Group, Inc. Common Stock current is trading $-0.145 points away or -0.224% from its 50-day moving average of $64.990. Further it is trading $6.294 or +10.750% away its 200-day moving average of $58.551.

The 52-week high of Alamo Group, Inc. (NYSE:ALG) was $68.040 while lowest point recorded in 52-week was $43.980. It implies if stock price makes a movement of over $-3.195, it will record a new 52-week high. In the case of +47.442% drop, it will touch a new 52-week low.

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