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Alamo Group (NYSE:ALG) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.

Alamo Group (NYSE:ALG) traded up 0.57% during mid-day trading on Thursday, hitting $50.78. The stock had a trading volume of 15,366 shares. Alamo Group has a one year low of $38.00 and a one year high of $61.27. The stock has a 50-day moving average of $53.73 and a 200-day moving average of $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 announced its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the 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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