Alight, Inc. (NYSE:ALIT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.75.
Several brokerages have commented on ALIT. Wedbush dropped their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Alight in a research note on Monday, September 30th. Citigroup dropped their price target on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Tuesday, August 20th. Finally, KeyCorp decreased their price objective on Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, July 11th.
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Institutional Investors Weigh In On Alight
Alight Stock Down 1.9 %
Shares of NYSE:ALIT opened at $6.99 on Thursday. The company has a 50 day moving average price of $7.23 and a two-hundred day moving average price of $7.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $3.82 billion, a PE ratio of -15.88 and a beta of 0.86. Alight has a 52 week low of $6.15 and a 52 week high of $10.38.
Alight (NYSE:ALIT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Alight had a positive return on equity of 5.42% and a negative net margin of 6.58%. The business had revenue of $787.00 million for the quarter, compared to the consensus estimate of $791.22 million. Analysts forecast 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.
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