Alight, Inc. (NYSE:ALIT – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.75.
ALIT has been the topic of a number of analyst reports. Wedbush lowered their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. KeyCorp dropped their target price on Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of Alight in a research report on Monday, September 30th. Citigroup lowered their price target on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Tuesday, August 20th.
Check Out Our Latest Stock Report on ALIT
Institutional Inflows and Outflows
Alight Stock Down 1.9 %
ALIT stock opened at $6.99 on Thursday. Alight has a twelve month low of $6.15 and a twelve month high of $10.38. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.55. The company has a market cap of $3.82 billion, a PE ratio of -15.88 and a beta of 0.86. The business’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $7.54.
Alight (NYSE:ALIT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $787.00 million for the quarter, compared to analyst estimates of $791.22 million. Alight had a positive return on equity of 5.42% and a negative net margin of 6.58%. On average, research analysts anticipate that Alight will post 0.42 earnings per share for the current year.
Alight Company Profile
Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.
Read More
- Five stocks we like better than Alight
- How to Use the MarketBeat Dividend Calculator
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Why is the Ex-Dividend Date Significant to Investors?
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- When to Sell a Stock for Profit or Loss
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Alight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alight and related companies with MarketBeat.com's FREE daily email newsletter.