Shares of Alight, Inc. (NYSE:ALIT – Get Free Report) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $52.3333.
ALIT has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Alight in a research report on Thursday, August 20th. DA Davidson increased their price target on Alight from $2.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Alight in a research note on Tuesday, August 4th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $20.00) on shares of Alight in a research note on Thursday, August 20th.
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Alight Price Performance
Alight stock opened at $14.19 on Friday. The stock has a market cap of $382.31 million, a price-to-earnings ratio of -0.18, a price-to-earnings-growth ratio of 0.30 and a beta of 1.61. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.42 and a quick ratio of 1.42. Alight has a 1 year low of $9.58 and a 1 year high of $82.90. The firm has a 50-day moving average of $15.86 and a two-hundred day moving average of $15.90.
Alight (NYSE:ALIT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $511.00 million during the quarter, compared to the consensus estimate of $497.02 million. Alight had a negative net margin of 90.90% and a positive return on equity of 16.05%. On average, research analysts forecast that Alight will post 4.12 earnings per share for the current year.
About Alight
Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.
Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.
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