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

Alliance Laundry Holdings Inc. (NYSE:ALH) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

A number of research firms have recently commented on ALH. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Robert W. Baird upped their target price on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Citigroup increased their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley increased their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday.

Alliance Laundry Stock Down 0.5%

Shares of ALH traded down $0.13 during midday trading on Friday, hitting $25.42. The company’s stock had a trading volume of 49,006 shares, compared to its average volume of 905,529. Alliance Laundry has a one year low of $18.64 and a one year high of $27.48. The company’s fifty day moving average price is $23.48. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The company has a market cap of $5.05 billion and a PE ratio of 30.62.

Alliance Laundry (NYSE:ALH) last posted its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. During the same quarter last year, the firm earned $0.20 earnings per share. Alliance Laundry’s revenue was up 9.6% on a year-over-year basis. On average, research analysts predict that Alliance Laundry will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On Alliance Laundry

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Alliance Laundry by 74.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after acquiring an additional 608 shares during the period. Comerica Bank bought a new stake in shares of Alliance Laundry during the 4th quarter valued at $50,000. California State Teachers Retirement System bought a new stake in shares of Alliance Laundry during the 4th quarter valued at $55,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Alliance Laundry during the 4th quarter valued at $63,000. Finally, Russell Investments Group Ltd. bought a new stake in Alliance Laundry during the 4th quarter valued at approximately $71,000.

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.