Alamo Group Inc. (ALG)
NYSE: ALG · IEX Real-Time Price · USD
183.54
-1.21 (-0.65%)
At close: Jul 19, 2024, 4:00 PM
183.50
-0.04 (-0.02%)
After-hours: Jul 20, 2024, 12:58 PM EDT
Alamo Group Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Alamo Group stock have an average target of 226.5, with a low estimate of 201 and a high estimate of 270. The average target predicts an increase of 23.41% from the current stock price of 183.54.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 13, 2024.
Analyst Ratings
The average analyst rating for Alamo Group stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| EF Hutton | EF Hutton | Strong Buy Maintains $270 | Strong Buy | Maintains | $270 | +47.11% | Jun 13, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $235 → $225 | Strong Buy | Maintains | $235 → $225 | +22.59% | May 7, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $270 | Strong Buy | Maintains | $270 | +47.11% | May 6, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $230 → $235 | Strong Buy | Maintains | $230 → $235 | +28.04% | Feb 27, 2024 |
| Baird | Baird | Buy Initiates $201 | Buy | Initiates | $201 | +9.51% | Sep 1, 2023 |
Financial Forecast
Revenue This Year
1.78B
from 1.69B
Increased by 5.11%
Revenue Next Year
1.87B
from 1.78B
Increased by 5.12%
EPS This Year
11.55
from 11.36
Increased by 1.67%
EPS Next Year
13.16
from 11.55
Increased by 13.92%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.9B | 2.0B |
| Avg | 1.8B | 1.9B |
| Low | 1.7B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 11.9% | 13.4% |
| Avg | 5.1% | 5.1% |
| Low | -0.9% | -3.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 12.92 | 14.52 |
| Avg | 11.55 | 13.16 |
| Low | 10.60 | 12.00 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 13.7% | 25.7% |
| Avg | 1.7% | 13.9% |
| Low | -6.7% | 3.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.