Capital One Financial Analysts Cut Earnings Estimates for Allego (NYSE:ALLG)

Allego (NYSE:ALLGGet Rating) – Analysts at Funds 1 Fiscal decreased their Q2 2022 earnings estimates for Allego in a exploration report issued to purchasers and buyers on Monday, May 16th. Capital One particular Money analyst R. Tullis now expects that the enterprise will post earnings for each share of ($.03) for the quarter, down from their prior forecast of ($.02). Cash A single Monetary has a “Equal Weight” ranking on the stock. Funds A person Economic also issued estimates for Allego’s Q3 2022 earnings at ($.04) EPS, FY2022 earnings at ($.12) EPS and FY2023 earnings at ($.13) EPS.

Other equities analysts also not too long ago issued studies about the enterprise. Cowen started out protection on Allego in a report on Monday, April 11th. They issued an “outperform” score and a $19.00 rate objective on the stock. Cowen initiated protection on Allego in a study note on Monday, April 11th. They issued an “outperform” ranking and a $19.00 goal cost for the organization. Lastly, Zacks Financial investment Investigation decreased Allego from a “buy” score to a “hold” score in a investigate observe on Tuesday.

NYSE ALLG opened at $8.75 on Wednesday. The stock’s 50-working day easy shifting common is $11.80. Allego has a twelve month lower of $7.43 and a twelve month large of $28.44.

A range of institutional investors and hedge cash have lately included to or minimized their stakes in ALLG. ECP ControlCo LLC acquired a new stake in Allego throughout the first quarter valued at $15,120,000. Arena Money Advisors LLC CA acquired a new stake in shares of Allego in the initial quarter really worth about $499,000. Penserra Money Management LLC acquired a new stake in shares of Allego in the very first quarter really worth about $105,000. At last, UBS Team AG obtained a new position in shares of Allego in the course of the 1st quarter worthy of about $29,000. 72.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge resources and other institutional investors.

Allego Company Profile (Get Rating)

Allego N.V. operates as an electric powered car or truck (EV) charging enterprise. The organization provides charging alternatives for electrical cars, motors, buses, and vehicles. It has a charging network with renewable vitality and charging remedies for small business-to-small business consumers, together with primary retail and auto manufacturers. The enterprise has around 28,000 charging ports in Europe.

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