Alamo Group, Inc. (NYSE:ALG) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Boasting a price of $64.62, Alamo Group, Inc. (NYSE:ALG) traded -0.45% lower on the day. With the last close up 5.71% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alamo Group, Inc. has recorded a 50-day average of $64.68 and a two hundred day average of $61.13. Volume of trade was down over the average, with 34,651 shares of ALG changing hands under the typical 58,689
Zacks Investment Research has upgraded Alamo Group, Inc. (NYSE:ALG) to Hold in a statement released on 09/23/2016.
With a total market value of $0, Alamo Group, Inc. has price-earnings ratio of 16.41 with a one year low of $43.98 and a one year high of $68.04 .
A total of 4 analysts have released a research note on ALG. zero analysts rating the company a strong buy, one analyst rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $57.75.
More About Alamo Group, Inc. (NYSE:ALG)
Alamo Group Inc. is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. Its products include tractor-mounted mowing and other vegetation maintenance equipment, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services. It operates approximately 25 plants in North America, Europe, Australia and Brazil. It sells its products through a network of independent dealers and distributors to governmental end users, related independent contractors, as well as to the agricultural and commercial turf markets. It also offers replacement parts for each of its wholegoods lines. Its products are sold under various trademarks and trade names, including the Alamo Industrial, Terrain King, Tiger, Gradall, VacAll, Schwarze, Nite-Hawk and Henke.
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