Alamo Group Rating Lowered to Neutral at Zacks (ALG)
Alamo Group (NYSE:ALG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Monday. They currently have a $52.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 2.99% from the company’s current price.
Alamo Group (NYSE:ALG) traded down 0.10% on Monday, hitting $50.49. 18,365 shares of the company’s stock traded hands. Alamo Group has a 52-week low of $38.00 and a 52-week high of $61.27. The stock has a 50-day moving average of $53.82 and a 200-day moving average of $54.05. The company has a market cap of $612.6 million and a price-to-earnings ratio of 16.97.
Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.03. On average, analysts predict that Alamo Group will post $3.42 earnings per share for the current fiscal year.
Alamo Group Inc is engaged in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture.
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