The price of ALG is predicted to go up 8.84%, based on the high correlation periods with SPXC. The similarity of these two price pattern on the periods is 96.39%.
ALG
SPXC
Up: 8.84%Similarity: 96.39%
ALG Revenue Forecast
ALG EPS Forecast
ALG FAQs
What is bull’s view on ALG?
Alamo Group (ALG) is currently oversold with an RSI of 28.7, suggesting a potential rebound from its recent low of $174.69. The stock's 52-week range is $163.74 to $231.40, and it last traded at $185.56, indicating upside potential if it recovers toward its $205 price target set by analysts. However, recent earnings downgrades and backlog pressures could limit near-term gains.
What is bear's view on ALG?
ALG stock is currently trading at $185.56, down 1.60% on January 31, 2025. The stock is oversold with an RSI of 28.7, suggesting potential for a technical rebound from its recent low of $174.69. However, Zacks ranks ALG as a "Strong Sell" due to a 6.8% downward revision in earnings estimates, indicating bearish sentiment.
What is ALG revenue forecast for next quarter?
The market consensus for ALG's revenue in the upcoming quarter is projected to be approximately $395.233M USD.
What is ALG eps forecast for next quarter?
The market consensus for ALG's eps in the upcoming quarter is projected to be approximately $2.347 USD.
Baird analyst Mircea Dobre raised the firm's price target on Alamo Group to $205 from $204 and keeps an Outperform rating on the shares. The firm said Vegetation cyclical compression continues, backlog erosion will pressure 1H25 but significant restructuring efforts such as plant consolidations and year-to-date headcount down 10%, should keep a lid on decremental margins.