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Alamo Group Inc has a consensus price target of $229 based on the ratings of 4 analysts. The high is $270 issued by EF Hutton on June 13, 2024. The low is $210 issued by Raymond James on August 4, 2023. The 3 most-recent analyst ratings were released by DA Davidson, DA Davidson, and Baird on August 28, 2024, August 5, 2024, and August 2, 2024, respectively. With an average price target of $215 between DA Davidson, DA Davidson, and Baird, there's an implied 18.69% upside for Alamo Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Alamo Group (NYSE:ALG) was reported by DA Davidson on August 28, 2024. The analyst firm set a price target for $219.00 expecting ALG to rise to within 12 months (a possible 20.89% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Alamo Group (NYSE:ALG) was provided by DA Davidson, and Alamo Group maintained their buy rating.
The last upgrade for Alamo Group Inc happened on March 16, 2023 when DA Davidson raised their price target to $196. DA Davidson previously had a neutral for Alamo Group Inc.
There is no last downgrade for Alamo Group.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Alamo Group, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Alamo Group was filed on August 28, 2024 so you should expect the next rating to be made available sometime around August 28, 2025.
While ratings are subjective and will change, the latest Alamo Group (ALG) rating was a maintained with a price target of $209.00 to $219.00. The current price Alamo Group (ALG) is trading at is $181.15, which is out of the analyst’s predicted range.
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