At the time of writing, Alamo Group Inc. [ALG] stock is trading at $228.33, up 1.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALG shares have gain 6.94% over the last week, with a monthly amount glided 12.63%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 12, March 2024, Sidoti Events, LLC’s Virtual March Small-Cap Conference. In a post published today on Yahoo Finance, Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day March Small-Cap Conference taking place Wednesday and Thursday, March 13-14, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com
From an analyst’s perspective:
Alamo Group Inc. [NYSE: ALG] stock has seen the most recent analyst activity on September 01, 2023, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $201. Previously, Raymond James started tracking the stock with Outperform rating on July 07, 2023, and set its price target to $215. On March 16, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $196 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $150 on October 14, 2021. Dougherty & Company upgraded its rating to a Buy. In a note dated October 24, 2018, Sidoti upgraded an Buy rating on this stock.
For the past year, the stock price of Alamo Group Inc. fluctuated between $157.74 and $231.40. Currently, Wall Street analysts expect the stock to reach $218 within the next 12 months. Alamo Group Inc. [NYSE: ALG] shares were valued at $228.33 at the most recent close of the market. An investor can expect a potential drop of -4.52% based on the average ALG price forecast.
Analyzing the ALG fundamentals
According to Alamo Group Inc. [NYSE:ALG], the company’s sales were 1.69B for trailing twelve months, which represents an 8.00% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 225.98 points at the first support level, and at 223.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 229.78, and for the 2nd resistance point, it is at 231.23.
Alamo Group Inc. [ALG] reported earnings per share of $2.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.68/share, meaning a difference of -$0.05 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.91 per share as compared to estimates of $2.65 per share, a difference of $0.26 representing a surprise of 9.80%.
Ratios To Look Out For
It is important to note that Alamo Group Inc. [NYSE:ALG] has a current ratio of 3.76. On the other hand, the Quick Ratio is 1.99, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 20.10.
Transactions by insiders
Recent insider trading involved Raborn Richard Hodges, EVP Vegetation Management, that happened on Dec 22 ’23 when 606.0 shares were sold. EVP & CFO, WEHRLE RICHARD J completed a deal on Dec 01 ’23 to sell 1116.0 shares. Meanwhile, EVP & CSO Malone Dan Edward sold 1394.0 shares on Nov 08 ’23.
