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Alamo Group, Inc. (ALG) [hlAlert]

Rating:
Buy ALG
up 10.05 %

Alamo Group, Inc. (ALG) rated Buy with price target $55 by Global Hunter Securities

Posted on: Tuesday,  Nov 18, 2014  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Alamo Group, Inc. (NYSE: ALG) on 11/18/2014, when the stock price was $45.54.
Since then, Alamo Group, Inc. has gained 10.06% as of 11/06/2015's recent price of $50.12.
If you would have followed this Global Hunter Securities's recommendation on ALG, you would have gained 10.05% of your investment in 353 days.

Alamo Group Inc. is a player in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, agricultural implements and related aftermarket parts and services. It operates 17 plants in North America, Europe and Australia. It sells its products through a network of independent dealers and distributors, governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. It operates primarily in the United States, England, France, Canada, and Australia. On May 30, 2008, the Company acquired Rivard Developpement S.A.S., which is a manufacturer of vacuum trucks, high-pressure cleaning systems and trenchers. In October 2009, Alamo Group, Inc. completed the acquisition of the majority of the assets of Bush Hog, LLC.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2014 9:25 AM Buy
None
45.54 55.00
as of 8/27/2015
1 Week up  0.84 %
1 Month down  -13.60 %
3 Months down  -6.17 %
1 YTD up  10.05 %

(*) Stock Price at the time of the recommendation.
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