Alamo Group with ticker code (ALG) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 186 and 150 and has a mean target at 170.75. Now with the previous closing price of 140.74 this would imply there is a potential upside of 21.3%. The day 50 moving average is 148.78 and the 200 day MA is 149.95. The company has a market cap of $1,681m. Company Website: https://www.alamo-group.com
The potential market cap would be $2,040m based on the market concensus.
Alamo Group Inc. designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor-and truck-mounted mowing, and vegetation maintenance equipment and replacement parts. It also provides truck-mounted air vacuum, mechanical broom, and regenerative air sweepers; pothole patchers; leaf collection equipment and replacement brooms; parking lot and street sweepers; excavators; catch basin cleaners and roadway debris vacuum systems; truck-mounted vacuum trucks, combination sewer cleaners, and hydro excavators; ice control products; snow plows and heavy duty snow removal equipment, hitches, attachments, and graders; landscape and vegetation maintenance equipment; and public works and runway maintenance products, parts, and services. In addition, the company offers rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades, and replacement parts, as well as zero turn radius mowers; cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts; and heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, and replacement parts. Further, it provides tractor attachments; agricultural implements; hydraulic and boom-mounted hedge and grass cutters, and other tractor attachments and implements; hedgerow cutters, industrial grass mowers, and agricultural seedbed preparation cultivators; self-propelled sprayers and multi-drive load-carrying vehicles; cutting blades; hydraulic and mechanical boom mowers; and high pressure cleaning systems and trenchers. Alamo Group Inc. was founded in 1955 and is headquartered in Seguin, Texas.
