Alamo Group (ALG) Stock Forecast, Price Target & Predictions
ALG Stock Forecast
Alamo Group stock forecast is as follows: an average price target of $215.00 (represents a 20.22% upside from ALG’s last price of $178.84) 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 20.22% upside from ALG's last price of $178.84.
ALG Analyst Ratings
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% | 16.86% |
| May 07, 2024 | Michael Shlisky | D.A. Davidson | $225.00 | $193.28 | 16.41% | 25.81% |
| Feb 27, 2023 | Dan Dolev | Mizuho Securities | $241.00 | $178.25 | 35.20% | 34.76% |
| Oct 19, 2022 | Tim Moore | EF Hutton | $195.00 | $143.95 | 35.46% | 9.04% |
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 16.86% increase from ALG last price ($178.84).
Alamo Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $209.00 | $217.00 |
| Last Closing Price | $178.84 | $178.84 | $178.84 |
| Upside/Downside | -100.00% | 16.86% | 21.34% |
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 $178.84. This month's average price target is down -100.00% 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 |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $419.64M | $440.69M | $411.77M | $386.60M | $368.79M | - | $362.00M | $337.17M | $338.31M | $347.55M | $311.19M | $288.62M | $291.76M | $268.63M | $314.45M | $300.19M | $271.83M | $285.19M | $261.93M | $256.04M | $257.57M |
| Avg Forecast | $437.25M | $426.57M | $435.53M | $415.71M | $413.93M | $410.12M | $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 | $271.94M | $247.88M | $241.20M | $257.57M |
| High Forecast | $446.15M | $435.25M | $444.40M | $424.17M | $422.36M | $418.47M | $437.28M | $419.04M | $427.96M | $411.50M | $440.94M | $397.99M | $375.11M | $398.58M | $369.07M | $356.18M | $342.68M | $356.74M | $325.62M | $308.35M | $303.29M | $292.53M | $286.24M | $332.86M | $305.22M | $294.37M | $284.63M | $259.44M | $289.43M | $309.09M |
| Low Forecast | $425.78M | $415.37M | $424.10M | $404.80M | $403.07M | $399.35M | $417.31M | $399.90M | $408.41M | $391.00M | $420.80M | $379.81M | $357.98M | $380.37M | $369.07M | $325.69M | $313.35M | $326.20M | $297.75M | $281.96M | $277.33M | $267.49M | $261.74M | $304.37M | $279.10M | $269.18M | $260.27M | $237.24M | $192.96M | $206.06M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.05% | 1.02% | 1.06% | 1.05% | 0.94% | - | 1.06% | 1.03% | 0.99% | 1.12% | 1.06% | 1.00% | 1.04% | 0.98% | 0.99% | 1.03% | 0.97% | 1.05% | 1.06% | 1.06% | 1.00% |
Alamo Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $419.42M, with a low forecast of $408.41M, and a high forecast of $427.96M. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | $49.75M | $54.39M | $54.22M | $46.84M | $48.71M | - | $38.45M | $38.55M | $41.44M | $48.31M | $36.21M | $25.85M | $41.72M | $32.72M | $37.53M | $27.78M | $32.33M | $36.26M | $28.67M | $30.12M | $33.91M |
| Avg Forecast | $49.26M | $48.05M | $49.06M | $46.83M | $46.63M | $46.20M | $48.28M | $49.22M | $47.25M | $45.23M | $48.68M | $44.74M | $41.41M | $54.56M | $41.58M | $40.67M | $36.88M | $49.60M | $35.61M | $34.12M | $34.15M | $30.83M | $21.33M | $30.09M | $30.95M | $38.04M | $33.35M | $29.53M | $28.26M | $33.91M |
| High Forecast | $50.26M | $49.03M | $50.06M | $47.78M | $47.58M | $47.14M | $49.26M | $59.06M | $48.21M | $46.36M | $49.67M | $53.69M | $42.26M | $65.47M | $41.58M | $48.81M | $38.60M | $59.52M | $42.73M | $40.95M | $40.99M | $37.00M | $25.59M | $36.10M | $37.14M | $45.64M | $40.02M | $35.43M | $33.92M | $40.69M |
| Low Forecast | $47.97M | $46.79M | $47.78M | $45.60M | $45.41M | $44.99M | $47.01M | $39.37M | $46.01M | $44.05M | $47.40M | $35.79M | $40.33M | $43.65M | $41.58M | $32.54M | $35.30M | $39.68M | $28.49M | $27.30M | $27.32M | $24.67M | $17.06M | $24.07M | $24.76M | $30.43M | $26.68M | $23.62M | $22.61M | $27.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.10% | 1.12% | 1.21% | 1.13% | 0.89% | - | 0.95% | 1.05% | 0.84% | 1.36% | 1.06% | 0.76% | 1.35% | 1.53% | 1.25% | 0.90% | 0.85% | 1.09% | 0.97% | 1.07% | 1.00% |
4 analysts predict ALG's average Quarter EBITDA for Dec 23 to be $47.25M, with a high of $48.21M and a low of $46.01M. This is -5.03% lower than Alamo Group's previous annual EBITDA (Sep 23) of $49.75M.
Alamo Group Net Income Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | $34.91M | $36.37M | $33.35M | $29.16M | $25.82M | - | $18.47M | $19.23M | $17.52M | $26.04M | $17.46M | $8.08M | $20.03M | $12.99M | $15.53M | $9.57M | $17.42M | $20.67M | $15.25M | $16.59M | $23.54M |
| Avg Forecast | $39.62M | $36.88M | $37.56M | $32.79M | $30.94M | $30.86M | $33.02M | $23.64M | $32.57M | $32.33M | $37.12M | $21.49M | $23.40M | $23.07M | $23.52M | $19.54M | $19.38M | $20.97M | $19.19M | $16.46M | $10.68M | $14.81M | $8.47M | $12.45M | $10.66M | $20.49M | $19.01M | $15.71M | $15.57M | $23.54M |
| High Forecast | $40.67M | $37.85M | $38.56M | $33.65M | $31.76M | $31.68M | $33.90M | $28.37M | $33.43M | $34.77M | $38.10M | $25.79M | $24.01M | $27.68M | $23.52M | $23.45M | $20.56M | $25.16M | $23.03M | $19.75M | $12.81M | $17.77M | $10.16M | $14.94M | $12.79M | $24.59M | $22.81M | $18.85M | $18.68M | $28.25M |
| Low Forecast | $38.27M | $35.62M | $36.28M | $31.67M | $29.88M | $29.81M | $31.90M | $18.91M | $31.46M | $30.98M | $35.85M | $17.19M | $22.60M | $18.45M | $23.52M | $15.63M | $18.30M | $16.78M | $15.36M | $13.17M | $8.54M | $11.85M | $6.77M | $9.96M | $8.53M | $16.39M | $15.21M | $12.57M | $12.45M | $18.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.08% | 0.98% | 1.55% | 1.25% | 1.12% | - | 0.95% | 0.99% | 0.84% | 1.36% | 1.06% | 0.76% | 1.35% | 1.53% | 1.25% | 0.90% | 0.85% | 1.09% | 0.97% | 1.07% | 1.00% |
Alamo Group's average Quarter net income forecast for Dec 23 is $32.57M, with a range of $31.46M to $33.43M. ALG's average Quarter net income forecast represents a -6.72% decrease compared to the company's last Quarter net income of $34.91M (Sep 23).
Alamo Group SG&A Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | $60.56M | $59.86M | $59.67M | $51.28M | $52.72M | - | $53.63M | $52.14M | $52.59M | $50.89M | $47.33M | $47.33M | $44.07M | $41.55M | $51.25M | $44.18M | $44.26M | $43.78M | $40.70M | $37.94M | $38.52M |
| Avg Forecast | $64.68M | $63.10M | $64.43M | $61.49M | $61.23M | $60.67M | $63.40M | $68.65M | $62.04M | $59.40M | $63.92M | $62.41M | $54.38M | $69.24M | $54.59M | $56.74M | $48.43M | $62.94M | $37.51M | $44.61M | $62.53M | $32.57M | $27.09M | $41.08M | $49.22M | $52.06M | $40.27M | $41.92M | $35.61M | $38.52M |
| High Forecast | $66.00M | $64.38M | $65.74M | $62.75M | $62.48M | $61.90M | $64.69M | $82.38M | $63.31M | $60.87M | $65.23M | $74.89M | $55.49M | $83.09M | $54.59M | $68.08M | $50.69M | $75.53M | $45.02M | $53.53M | $75.04M | $39.09M | $32.50M | $49.30M | $59.06M | $62.48M | $48.32M | $50.30M | $42.73M | $46.23M |
| Low Forecast | $62.98M | $61.44M | $62.74M | $59.88M | $59.62M | $59.07M | $61.73M | $54.92M | $60.41M | $57.84M | $62.25M | $49.93M | $52.95M | $55.39M | $54.59M | $45.39M | $46.35M | $50.36M | $30.01M | $35.68M | $50.03M | $26.06M | $21.67M | $32.87M | $39.38M | $41.65M | $32.22M | $33.53M | $28.48M | $30.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.02% | 0.94% | 0.96% | 0.94% | 0.76% | - | 0.95% | 1.08% | 0.84% | 1.36% | 1.06% | 0.76% | 1.35% | 1.53% | 1.25% | 0.90% | 0.85% | 1.09% | 0.97% | 1.07% | 1.00% |
Alamo Group's average Quarter SG&A projection for Dec 23 is $62.04M, based on 4 Wall Street analysts, with a range of $60.41M to $63.31M. The forecast indicates a 2.44% rise compared to ALG last annual SG&A of $60.56M (Sep 23).
Alamo Group EPS Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | $2.93 | $3.05 | $2.80 | $2.45 | $2.18 | - | $1.56 | $1.62 | $1.48 | $2.20 | $1.48 | $0.69 | $1.70 | $1.10 | $1.32 | $0.81 | $1.48 | $1.76 | $1.30 | $1.42 | $2.01 |
| Avg Forecast | $3.29 | $3.06 | $3.12 | $2.72 | $2.57 | $2.56 | $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 | $1.62 | $1.34 | $1.22 | $1.75 |
| High Forecast | $3.38 | $3.14 | $3.20 | $2.79 | $2.64 | $2.63 | $2.81 | $2.59 | $2.78 | $2.89 | $3.16 | $2.17 | $1.99 | $2.48 | $1.96 | $1.81 | $1.71 | $2.08 | $1.76 | $1.47 | $1.43 | $1.40 | $0.86 | $1.29 | $1.58 | $1.98 | $1.72 | $1.42 | $1.46 | $2.10 |
| Low Forecast | $3.18 | $2.96 | $3.01 | $2.63 | $2.48 | $2.48 | $2.65 | $2.44 | $2.61 | $2.57 | $2.98 | $2.04 | $1.88 | $2.33 | $1.96 | $1.61 | $1.52 | $1.86 | $1.57 | $1.31 | $1.27 | $1.24 | $0.76 | $1.15 | $1.40 | $1.76 | $1.53 | $1.27 | $0.98 | $1.40 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.09% | 0.99% | 1.32% | 1.26% | 0.90% | - | 0.91% | 1.00% | 0.75% | 1.33% | 1.06% | 0.51% | 1.29% | 1.36% | 1.09% | 0.54% | 0.79% | 1.09% | 0.97% | 1.16% | 1.15% |
According to 4 Wall Street analysts, Alamo Group's projected average Quarter EPS for Dec 23 is $2.70, with a low estimate of $2.61 and a high estimate of $2.78. 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 | $12.75 | $35.00 | 174.51% | Strong Buy |
| CMCO | Columbus McKinnon | $30.90 | $49.00 | 58.58% | - |
| AGCO | AGCO | $90.93 | $139.00 | 52.86% | Buy |
| HY | Hyster-Yale Materials Handling | $59.68 | $90.00 | 50.80% | Buy |
| CNHI | CNH Industrial NV | $11.45 | $17.00 | 48.47% | Buy |
| MTW | Manitowoc Company | $9.68 | $12.75 | 31.71% | Buy |
| WNC | Wabash National | $19.33 | $23.25 | 20.28% | Hold |
| ALG | Alamo Group | $178.84 | $215.00 | 20.22% | Buy |
| LNN | Lindsay | $120.41 | $138.50 | 15.02% | Buy |
| DE | Deere & Company | $394.68 | $424.70 | 7.61% | Buy |
| CAT | Caterpillar | $345.31 | $277.27 | -19.70% | Buy |
| REVG | REV Group | $27.64 | $19.60 | -29.09% | 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 20.22% from its last price of $178.84. 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 20.22% (from the last price of $178.84 to the average price target of $215), up by 34.76% based on the highest stock price target, and up by 9.04% 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 2024) are as follows: average revenue is $1.66B (high $1.7B, low $1.62B), average EBITDA is $190.33M (high $203.04M, low $176.78M), average net income is $118.47M (high $125.71M, low $110.5M), average SG&A $253.94M (high $271.44M, low $235.35M), and average EPS is $10.4 (high $10.67, low $10.04). ALG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.72B (high $1.75B, low $1.67B), average EBITDA is $193.21M (high $197.14M, low $188.14M), average net income is $146.85M (high $150.74M, low $141.84M), average SG&A $253.7M (high $258.87M, low $247.04M), and average EPS is $12.19 (high $12.52, low $11.78).
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 $178.23M by -8.01%. The company's net income was $101.93M, beating the average estimation of $89.52M by 13.86%. Apple's SG&A was $212.65M, missing the average forecast of $234.95M by -9.49%. 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, beating the average prediction of $45.23M by 9.99%. Alamo Group's net income was $34.92M, beating the average estimation of $32.33M by 8.01%. The company's SG&A was $60.56M, beating the average forecast of $59.4M by 1.97%. Lastly, the company's EPS was $2.93, beating the average prediction of $2.68 by 9.17%