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Feltl & Co. hoisted their price objective on shares of Alamo Group (NYSE:ALG) from $47.00 to $54.40 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Feltl & Co.’s target price suggests a potential upside of 7.13% from the stock’s previous close.

Alamo Group (NYSE:ALG) traded up 0.57% during mid-day trading on Monday, hitting $50.78. The stock had a trading volume of 15,366 shares. Alamo Group has a 1-year low of $38.00 and a 1-year high of $61.27. The stock’s 50-day moving average is $53.73 and its 200-day moving average is $54.0. The company has a market cap of $616.2 million and a price-to-earnings ratio of 16.95.

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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