Zacks: Alamo Group, Inc. (ALG) Given $115.00 Consensus Target Price by Brokerages
Alamo Group, Inc. (NYSE:ALG) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Alamo Group’s rating score has declined by 50% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus price objective of $115.00 for the company and are forecasting that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 103 out of 265 based on the ratings given to related companies.
Several research analysts recently weighed in on ALG shares. ValuEngine raised Alamo Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 target price on the stock in a research report on Tuesday, November 7th.
Shares of Alamo Group (NYSE ALG) traded up $0.27 on Thursday, hitting $110.87. The company had a trading volume of 71,534 shares, compared to its average volume of 58,413. The company has a quick ratio of 2.85, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1,297.83, a price-to-earnings ratio of 26.52 and a beta of 0.93. Alamo Group has a twelve month low of $70.53 and a twelve month high of $120.58.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 12th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.40%. Alamo Group’s dividend payout ratio (DPR) is 10.55%.
Alamo Group Company Profile
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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