Alliance Laundry Holdings Inc. (NYSE:ALH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.00.

A number of research analysts have weighed in on ALH shares. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Morgan Stanley raised their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Citigroup lifted their price target on Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Robert W. Baird lifted their price target on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th.

Alliance Laundry Stock Performance

Shares of ALH stock opened at $24.97 on Friday. The company has a fifty day moving average price of $24.03. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of 30.08. Alliance Laundry has a fifty-two week low of $18.64 and a fifty-two week high of $27.48.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, equities analysts forecast that Alliance Laundry will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after acquiring an additional 608 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Alliance Laundry by 7.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock worth $267,000 after acquiring an additional 885 shares during the period. Comerica Bank purchased a new position in shares of Alliance Laundry during the 4th quarter worth $50,000. California State Teachers Retirement System purchased a new position in shares of Alliance Laundry during the 4th quarter worth $55,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Alliance Laundry during the 4th quarter worth $63,000.

About Alliance Laundry

Alliance Laundry Systems (NYSE: ALH) is a manufacturer and distributor of commercial and residential laundry equipment and related services. The company designs, produces and sells a range of coin-operated and vended machines, on-premises washers and dryers, and allied equipment for laundromats, multi-housing, hospitality, healthcare and other institutional customers. Alliance’s product strategy emphasizes durable, high-throughput machines for professional laundry operators as well as appliances geared to self-service and multi-dwelling applications.

Its product portfolio includes coin-operated and card-operated washers and dryers, stacked and single-pocket models, industrial-grade on-premises equipment, and parts and accessories.