Alamo Group Inc. (ALG)
NYSE: ALG · IEX Real-Time Price · USD
199.63
-4.57 (-2.24%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Alamo Group Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Alamo Group stock have an average target of 220.25, with a low estimate of 201 and a high estimate of 235. The average target predicts an increase of 10.33% from the current stock price of 199.63.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 27, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Maintains $230 → $235 | Strong Buy | Maintains | $230 → $235 | +17.72% | Feb 27, 2024 |
| Baird | Baird | Buy Initiates $201 | Buy | Initiates | $201 | +0.69% | Sep 1, 2023 |
| EF Hutton | EF Hutton | Strong Buy Maintains $215 → $235 | Strong Buy | Maintains | $215 → $235 | +17.72% | Aug 4, 2023 |
| Raymond James | Raymond James | Buy Maintains $220 → $210 | Buy | Maintains | $220 → $210 | +5.19% | Aug 4, 2023 |
| Raymond James | Raymond James | Buy Maintains $215 → $220 | Buy | Maintains | $215 → $220 | +10.20% | Jul 20, 2023 |
Financial Forecast
Revenue This Year
1.80B
from 1.69B
Increased by 6.35%
Revenue Next Year
1.87B
from 1.80B
Increased by 4.01%
EPS This Year
12.28
from 11.36
Increased by 8.08%
EPS Next Year
13.79
from 12.28
Increased by 12.33%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.9B | 2.0B |
| Avg | 1.8B | 1.9B |
| Low | 1.7B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 14.0% | 11.4% |
| Avg | 6.4% | 4.0% |
| Low | 0.3% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 13.83 | 15.23 |
| Avg | 12.28 | 13.79 |
| Low | 10.98 | 12.00 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 21.7% | 24.0% |
| Avg | 8.1% | 12.3% |
| Low | -3.4% | -2.2% |
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.