Analysts Set Alliance Laundry Holdings Inc. (NYSE:ALH) Target Price at $30.00

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have earned an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to 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.

Several equities research analysts have weighed in on ALH shares. Citigroup increased their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Morgan Stanley raised their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th.

Alliance Laundry Stock Performance

ALH stock opened at $25.07 on Friday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $27.48. The firm’s fifty day simple moving average is $23.70. The company has a market cap of $4.98 billion and a price-to-earnings ratio of 30.20.

Alliance Laundry (NYSE:ALH) last released its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, analysts forecast that Alliance Laundry will post 1.29 EPS for the current year.

Institutional Investors Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA purchased a new position in Alliance Laundry during the 4th quarter valued at about $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Alliance Laundry during the 4th quarter valued at about $3,209,000. Teacher Retirement System of Texas purchased a new position in Alliance Laundry during the 4th quarter valued at about $6,105,000. Vanguard Group Inc. purchased a new position in Alliance Laundry during the 4th quarter valued at about $76,161,000. Finally, UBS Group AG purchased a new position in Alliance Laundry during the 4th quarter valued at about $19,411,000.

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.