Zacks Investment Research upgraded Alamo Group, Inc. (NYSE:ALG) to Hold in a statement released earlier today.
- Updated: October 10, 2016
Having a price of $66.02, Alamo Group, Inc. (NYSE:ALG) traded -0.09% lower on the day. With the last close up 6.71% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ALG has recorded a 50-day average of $64.94 and a two hundred day average of $61.87. Trade Volume was down over the average, with 25,718 shares of ALG changing hands under the typical 50,420
Zacks Investment Research has upgraded Alamo Group, Inc. (NYSE:ALG) to Hold in a statement released on 10/10/2016.
With a total market value of $0, Alamo Group, Inc. has price-earnings ratio of 16.76 with a one year low of $43.98 and a one year high of $68.04 .
A total of 4 equity analysts have reported on the stock. zero analysts rating the company a strong buy, 1 broker rating the stock a buy, 2 brokerages rating the stock a hold, 1 firm rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $57.75.
Brief Synopsis 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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