Alithya Group Inc. (TSE:ALYA) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Alithya Group, with four hold ratings and two buy ratings; the average 12-month price target is C$1.80.
• Recent analyst actions were mostly negative, with several firms downgrading the stock and lowering price targets, including ATB Cormark to C$1.35, Desjardins to C$1.15, and Scotiabank to C$1.50.
• Alithya shares fell 1.8% to C$1.08, while the company reported quarterly revenue of C$105.05 million and EPS of C$0.04. Despite the earnings, it posted a negative net margin of 8.12% and negative return on equity of 24.36%.

Alithya Group Inc. (TSE:ALYA - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$1.80.

Several analysts recently issued reports on ALYA shares. ATB Cormark Capital Markets lowered Alithya Group from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$1.60 to C$1.35 in a report on Friday. Ventum decreased their price target on Alithya Group to C$2.00 and set a "buy" rating for the company in a research note on Monday, June 15th. Desjardins cut Alithya Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$1.55 to C$1.15 in a research note on Friday. Barrington Research downgraded Alithya Group from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Scotiabank cut shares of Alithya Group from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from C$2.00 to C$1.50 in a research note on Friday, April 24th.

Alithya Group Stock Down 1.8%

Shares of TSE:ALYA traded down C$0.02 during trading on Friday, hitting C$1.08. 28,388 shares of the company's stock traded hands, compared to its average volume of 59,379. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$2.20. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 88.81. The company has a market cap of C$104.51 million, a price-to-earnings ratio of -2.70, a price-to-earnings-growth ratio of 2.38 and a beta of -0.71. The company has a 50-day moving average price of C$1.06 and a 200-day moving average price of C$1.29.

Alithya Group (TSE:ALYA - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. The business had revenue of C$105.05 million for the quarter. As a group, research analysts forecast that Alithya Group will post 0.0400733 EPS for the current fiscal year.

Alithya Group Company Profile

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, the us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of revenue from Canada.

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