Alamo Group (ALG) Stock Forecast, Price Target & Predictions

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ALG Stock Forecast

Alamo Group stock forecast is as follows: an average price target of $215.00 (represents a 12.13% upside from ALG’s last price of $191.74) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

ALG Price Target

The average price target for Alamo Group (ALG) is $215.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $241.00 to $195.00. This represents a potential 12.13% upside from ALG's last price of $191.74.

ALG Analyst Ratings

Buy

According to 13 Wall Street analysts, Alamo Group's rating consensus is 'Buy'. The analyst rating breakdown for ALG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (53.85%), 5 'Hold' (38.46%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

Alamo Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 05, 2024	Michael Shilsky	D.A. Davidson	$209.00	$169.41	23.37%	9.00%
May 07, 2024	Michael Shlisky	D.A. Davidson	$225.00	$193.28	16.41%	17.35%
Feb 27, 2023	Dan Dolev	Mizuho Securities	$241.00	$178.25	35.20%	25.69%
Oct 19, 2022	Tim Moore	EF Hutton	$195.00	$143.95	35.46%	1.70%

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The latest Alamo Group stock forecast, released on Aug 05, 2024 by Michael Shilsky from D.A. Davidson, set a price target of $209.00, which represents a 23.37% increase from the stock price at the time of the forecast ($169.41), and a 9.00% increase from ALG last price ($191.74).

Alamo Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$217.00
Last Closing Price	$191.74	$191.74	$191.74
Upside/Downside	-100.00%	-100.00%	13.17%

In the current month, the average price target of Alamo Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Alamo Group's last price of $191.74. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 28, 2024	EF Hutton	Buy	Buy	Hold
Mar 16, 2023	Susquehanna	-	Positive	Upgrade
Mar 16, 2023	Wells Fargo	-	Overweight	Upgrade
Mar 16, 2023	SVB Leerink	-	Market Perform	Downgrade
Mar 16, 2023	Cowen & Co.	-	Market Perform	Downgrade
Mar 16, 2023	Exane BNP Paribas	-	Outperform	Initialise
Mar 16, 2023	BNP Paribas	-	Buy	Initialise
Mar 16, 2023	Needham	-	Buy	Initialise
Mar 16, 2023	Goldman Sachs	-	Neutral	Initialise
Mar 16, 2023	Piper Sandler	-	Neutral	Initialise

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Alamo Group's last stock rating was published by EF Hutton on Aug 28, 2024. The company gave ALG a "Buy" rating, the same as its previous rate.

Alamo Group Financial Forecast

Alamo Group Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$419.64M	$440.69M	$411.77M	$386.60M	$368.79M	$396.21M	$362.00M	$337.17M	$338.31M	$347.55M	$311.19M	$288.62M	$291.76M	$268.63M	$314.45M	$300.19M	$271.83M
Avg Forecast	$421.00M	$410.70M	$412.60M	$401.90M	$421.57M	$405.90M	$419.47M	$395.23M	$396.85M	$406.72M	$428.56M	$410.68M	$419.42M	$401.52M	$432.14M	$390.05M	$367.63M	$390.63M	$369.07M	$340.30M	$327.40M	$340.83M	$311.10M	$294.60M	$289.77M	$279.48M	$273.48M	$318.02M	$291.61M	$281.25M
High Forecast	$433.92M	$423.31M	$425.27M	$414.24M	$434.51M	$418.36M	$432.34M	$410.80M	$405.60M	$413.05M	$441.72M	$423.29M	$432.30M	$411.50M	$445.41M	$402.02M	$378.91M	$390.63M	$369.07M	$340.30M	$327.40M	$340.83M	$311.10M	$294.60M	$289.77M	$279.48M	$273.48M	$318.02M	$291.61M	$281.25M
Low Forecast	$411.97M	$401.89M	$403.75M	$393.28M	$412.53M	$397.20M	$410.47M	$385.80M	$389.30M	$400.38M	$419.37M	$401.87M	$410.43M	$391.00M	$422.87M	$381.69M	$359.74M	$390.63M	$369.07M	$340.30M	$327.40M	$340.83M	$311.10M	$294.60M	$289.77M	$279.48M	$273.48M	$318.02M	$291.61M	$281.25M
# Analysts	1	1	1	1	1	1	1	3	4	2	2	4	4	5	4	4	3	3	3	3	4	4	4	4	4	6	4	4	7	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.02%	1.06%	1.05%	0.94%	1.07%	1.06%	1.03%	0.99%	1.12%	1.06%	1.00%	1.04%	0.98%	0.99%	1.03%	0.97%

Alamo Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $419.42M, with a low forecast of $410.43M, and a high forecast of $432.30M. ALG's average Quarter revenue forecast represents a -0.05% decrease compared to the company's last Quarter revenue of $419.64M (Sep 23).

Alamo Group EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	2	4	4	5	4	4	3	3	3	3	4	4	4	4	4	6	4	4	7	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$49.75M	$54.39M	$54.22M	$46.84M	$48.71M	$51.92M	$38.45M	$38.55M	$41.44M	$48.31M	$36.21M	$25.85M	$41.72M	$32.72M	$37.53M	$27.78M	$32.33M
Avg Forecast	$53.22M	$51.92M	$52.16M	$50.81M	$53.30M	$51.31M	$53.03M	$49.97M	$50.17M	$51.42M	$54.18M	$49.22M	$53.02M	$50.76M	$54.63M	$44.74M	$43.21M	$44.01M	$41.58M	$40.67M	$36.88M	$38.40M	$35.05M	$34.12M	$32.64M	$31.49M	$30.81M	$30.09M	$32.85M	$31.68M
High Forecast	$54.86M	$53.52M	$53.76M	$52.37M	$54.93M	$52.89M	$54.66M	$51.93M	$51.28M	$52.22M	$55.84M	$59.06M	$54.65M	$52.02M	$56.31M	$53.69M	$51.85M	$44.01M	$41.58M	$48.81M	$36.88M	$38.40M	$35.05M	$40.95M	$32.64M	$31.49M	$30.81M	$36.10M	$32.85M	$31.68M
Low Forecast	$52.08M	$50.81M	$51.04M	$49.72M	$52.15M	$50.21M	$51.89M	$48.77M	$49.22M	$50.62M	$53.02M	$39.37M	$51.89M	$49.43M	$53.46M	$35.79M	$34.56M	$44.01M	$41.58M	$32.54M	$36.88M	$38.40M	$35.05M	$27.30M	$32.64M	$31.49M	$30.81M	$24.07M	$32.85M	$31.68M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	1.00%	1.21%	1.08%	1.11%	1.25%	0.95%	1.05%	1.08%	1.38%	1.06%	0.79%	1.32%	1.06%	1.25%	0.85%	1.02%

4 analysts predict ALG's average Quarter EBITDA for Dec 23 to be $53.02M, with a high of $54.65M and a low of $51.89M. This is 6.57% upper than Alamo Group's previous annual EBITDA (Sep 23) of $49.75M.

Alamo Group Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	2	4	4	5	4	4	3	3	3	3	4	4	4	4	4	6	4	4	7	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$34.91M	$36.37M	$33.35M	$29.16M	$25.82M	$28.47M	$18.47M	$19.23M	$17.52M	$26.04M	$17.46M	$8.08M	$20.03M	$12.99M	$15.53M	$9.57M	$17.42M
Avg Forecast	$39.37M	$40.82M	$39.49M	$34.32M	$37.93M	$33.47M	$34.12M	$29.46M	$28.24M	$29.86M	$33.02M	$23.64M	$32.56M	$32.32M	$37.11M	$21.49M	$13.50M	$29.09M	$23.57M	$19.54M	$19.45M	$23.67M	$19.99M	$16.46M	$16.22M	$15.86M	$9.72M	$12.45M	$17.92M	$22.49M
High Forecast	$40.95M	$42.45M	$41.07M	$35.69M	$39.44M	$34.81M	$35.48M	$30.38M	$29.36M	$31.10M	$34.33M	$28.37M	$33.86M	$34.76M	$38.59M	$25.79M	$16.20M	$29.09M	$23.57M	$23.45M	$19.45M	$23.67M	$19.99M	$19.75M	$16.22M	$15.86M	$9.72M	$14.94M	$17.92M	$22.49M
Low Forecast	$38.28M	$39.68M	$38.39M	$33.36M	$36.87M	$32.54M	$33.17M	$28.50M	$27.45M	$28.62M	$32.10M	$18.91M	$31.65M	$30.98M	$36.08M	$17.19M	$10.80M	$29.09M	$23.57M	$15.63M	$19.45M	$23.67M	$19.99M	$13.17M	$16.22M	$15.86M	$9.72M	$9.96M	$17.92M	$22.49M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08%	0.98%	1.55%	2.16%	0.89%	1.21%	0.95%	0.99%	0.74%	1.30%	1.06%	0.50%	1.26%	1.34%	1.25%	0.53%	0.77%

Alamo Group's average Quarter net income forecast for Dec 23 is $32.56M, with a range of $31.65M to $33.86M. ALG's average Quarter net income forecast represents a -6.75% decrease compared to the company's last Quarter net income of $34.91M (Sep 23).

Alamo Group SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	2	4	4	5	4	4	3	3	3	3	4	4	4	4	4	6	4	4	7	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$60.56M	$59.86M	$59.67M	$51.28M	$52.72M	$55.01M	$53.63M	$52.14M	$52.59M	$50.89M	$47.33M	$47.33M	$44.07M	$41.55M	$51.25M	$44.18M	$44.26M
Avg Forecast	$62.94M	$61.40M	$61.69M	$60.09M	$63.03M	$60.69M	$62.72M	$59.09M	$59.33M	$60.81M	$64.07M	$68.65M	$62.71M	$60.03M	$64.61M	$62.41M	$79.10M	$57.78M	$54.59M	$56.74M	$48.43M	$50.42M	$46.02M	$44.61M	$42.86M	$41.34M	$40.46M	$41.08M	$43.14M	$41.60M
High Forecast	$64.88M	$63.29M	$63.58M	$61.93M	$64.96M	$62.55M	$64.64M	$61.42M	$60.64M	$61.76M	$66.04M	$82.38M	$64.63M	$61.52M	$66.59M	$74.89M	$94.92M	$57.78M	$54.59M	$68.08M	$48.43M	$50.42M	$46.02M	$53.53M	$42.86M	$41.34M	$40.46M	$49.30M	$43.14M	$41.60M
Low Forecast	$61.59M	$60.09M	$60.37M	$58.80M	$61.68M	$59.39M	$61.37M	$57.68M	$58.21M	$59.86M	$62.70M	$54.92M	$61.36M	$58.46M	$63.22M	$49.93M	$63.28M	$57.78M	$54.59M	$45.39M	$48.43M	$50.42M	$46.02M	$35.68M	$42.86M	$41.34M	$40.46M	$32.87M	$43.14M	$41.60M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	0.93%	0.96%	0.65%	0.91%	1.01%	0.95%	1.08%	1.04%	1.11%	1.06%	1.10%	1.07%	1.03%	1.25%	1.02%	1.06%

Alamo Group's average Quarter SG&A projection for Dec 23 is $62.71M, based on 4 Wall Street analysts, with a range of $61.36M to $64.63M. The forecast indicates a 3.54% rise compared to ALG last annual SG&A of $60.56M (Sep 23).

Alamo Group EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	2	4	4	5	4	4	3	3	3	3	4	4	4	4	4	6	4	4	7	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.93	$3.05	$2.80	$2.45	$2.18	$2.39	$1.56	$1.62	$1.48	$2.20	$1.48	$0.69	$1.70	$1.10	$1.32	$0.81	$1.48
Avg Forecast	$3.27	$3.39	$3.28	$2.85	$3.15	$2.78	$2.83	$2.45	$2.35	$2.48	$2.74	$2.53	$2.70	$2.68	$3.08	$2.12	$1.94	$2.42	$1.96	$1.71	$1.61	$1.97	$1.66	$1.39	$1.35	$1.32	$0.81	$1.21	$1.49	$1.87
High Forecast	$3.40	$3.53	$3.41	$2.96	$3.28	$2.89	$2.95	$2.52	$2.44	$2.58	$2.85	$2.63	$2.81	$2.89	$3.21	$2.20	$1.95	$2.42	$1.96	$1.71	$1.61	$1.97	$1.66	$1.39	$1.35	$1.32	$0.81	$1.21	$1.49	$1.87
Low Forecast	$3.18	$3.30	$3.19	$2.77	$3.06	$2.70	$2.75	$2.37	$2.28	$2.38	$2.67	$2.46	$2.63	$2.57	$3.00	$2.06	$1.94	$2.42	$1.96	$1.71	$1.61	$1.97	$1.66	$1.39	$1.35	$1.32	$0.81	$1.21	$1.49	$1.87
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.09%	0.99%	1.32%	1.26%	0.90%	1.22%	0.91%	1.00%	0.75%	1.33%	1.06%	0.51%	1.29%	1.36%	1.09%	0.54%	0.79%

According to 4 Wall Street analysts, Alamo Group's projected average Quarter EPS for Dec 23 is $2.70, with a low estimate of $2.63 and a high estimate of $2.81. This represents a -7.71% decrease compared to ALG previous annual EPS of $2.93 (Sep 23).

Alamo Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SHYF	Shyft Group	$13.42	$35.00	160.80%	Strong Buy
HY	Hyster-Yale Materials Handling	$54.22	$90.00	65.99%	Buy
AGCO	AGCO	$91.98	$137.50	49.49%	Hold
CNHI	CNH Industrial NV	$11.45	$17.00	48.47%	Buy
CMCO	Columbus McKinnon	$36.01	$49.00	36.07%	-
MTW	Manitowoc Company	$10.02	$12.75	27.25%	Buy
WNC	Wabash National	$18.44	$23.25	26.08%	Hold
ALG	Alamo Group	$191.74	$215.00	12.13%	Buy
LNN	Lindsay	$128.05	$138.50	8.16%	Buy
DE	Deere & Company	$404.96	$424.70	4.87%	Buy
CAT	Caterpillar	$381.50	$286.23	-24.97%	Buy
REVG	REV Group	$29.21	$19.60	-32.90%	Buy

ALG Forecast FAQ

Is Alamo Group a good buy?

Yes, according to 13 Wall Street analysts, Alamo Group (ALG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 53.85% of ALG's total ratings.

What is ALG's price target?

Alamo Group (ALG) average price target is $215 with a range of $195 to $241, implying a 12.13% from its last price of $191.74. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Alamo Group stock go up soon?

According to Wall Street analysts' prediction for ALG stock, the company can go up by 12.13% (from the last price of $191.74 to the average price target of $215), up by 25.69% based on the highest stock price target, and up by 1.70% based on the lowest stock price target.

Can Alamo Group stock reach $300?

ALG's average twelve months analyst stock price target of $215 does not support the claim that Alamo Group can reach $300 in the near future.

What are Alamo Group's analysts' financial forecasts?

Alamo Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.64B (high $1.7B, low $1.61B), average EBITDA is $207.61M (high $214.41M, low $203.03M), average net income is $134.98M (high $140.11M, low $131.08M), average SG&A $245.52M (high $253.57M, low $240.12M), and average EPS is $11.21 (high $11.64, low $10.89). ALG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.65B (high $1.7B, low $1.61B), average EBITDA is $208.12M (high $214.5M, low $203.65M), average net income is $154M (high $160.15M, low $149.71M), average SG&A $246.13M (high $253.68M, low $240.85M), and average EPS is $12.79 (high $13.3, low $12.43).

Did the ALG's actual financial results beat the analysts' financial forecasts?

Based on Alamo Group's last annual report (Dec 2022), the company's revenue was $1.51B, beating the average analysts forecast of $1.47B by 3.13%. Apple's EBITDA was $163.95M, missing the average prediction of $169.46M by -3.25%. The company's net income was $101.93M, beating the average estimation of $85.69M by 18.94%. Apple's SG&A was $212.65M, missing the average forecast of $248.22M by -14.33%. Lastly, the company's EPS was $8.61, beating the average prediction of $8.02 by 7.30%. In terms of the last quarterly report (Sep 2023), Alamo Group's revenue was $419.64M, beating the average analysts' forecast of $401.52M by 4.51%. The company's EBITDA was $49.75M, missing the average prediction of $50.76M by -1.99%. Alamo Group's net income was $34.92M, beating the average estimation of $32.32M by 8.04%. The company's SG&A was $60.56M, beating the average forecast of $60.03M by 0.89%. Lastly, the company's EPS was $2.93, beating the average prediction of $2.68 by 9.17%