Alert: Positive Investment/Fundamental Signals (11/10/23)-Alamo Group Inc. (NYSE: ALG)


Alamo Group Inc. (NYSE: ALG). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent important positive changes in fundamentals have benefitted Alamo Group Inc. (NYSE: ALG): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, ALG is expected to continue to be an important Value Builder.

Alamo Group has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Alamo Group has a neutral Appreciation Score of 42 and a slightly positive Power Rating of 69, resulting in the Neutral Value Trend Rating.

Recent Price Action

On 11/10/23, Alamo Group Inc. (NYSE: ALG) stock increased 1.8%, closing at $180.15. The stock has risen 11.1% during the last week and has been strong relative to the market over the last nine months.

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