Shares of Alamo Group have gained 7.7% over the past four weeks to close at $164.49, but Wall Street analysts' short-term price targets suggest a potential upside of 26%. The mean estimate of $207.25 is based on four targets ranging from $188.00 to $225.00, with a standard deviation of $16.48. Analysts have also grown more optimistic about the company's earnings prospects, with the Zacks Consensus Estimate for the current year increasing 0.4% over the last 30 days as one estimate moved higher. Alamo Group currently holds a Zacks Rank of 2, or Buy, placing it in the top 20% of over 4,000 ranked stocks. While price targets alone can be misleading due to potential analyst bias, the positive trend in earnings estimate revisions has historically been a strong predictor of near-term stock price movement.
Alamo Group IncWall Street analysts' price targets suggest 26% upside and earnings estimates are rising.