Alithya Group (TSE:ALYA) Cut to Sector Perform at Scotiabank

Key Points

• Scotiabank downgraded Alithya from "sector outperform" to "sector perform" and cut its price target to C$1.50 (from C$2.00), implying about a 9.5% upside from the current share price.
• Analyst views are mixed: Ventum Financial raised its target to C$3.00 and has a "buy" rating, while MarketBeat shows one Buy and one Hold for an overall consensus of "Moderate Buy" with a C$2.67 average target.
• Operationally, ALYA trades at C$1.37 with a market cap of ~C$136.6M, reported C$0.05 EPS last quarter and a negative net margin (-4.51%), and insider Amar Bukkasagaram sold 2.49M shares (insiders still own 24.03% of the company).

Alithya Group (TSE:ALYA - Get Free Report) was downgraded by Scotiabank from a "sector outperform" rating to a "sector perform" rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a C$1.50 price objective on the stock, down from their previous price objective of C$2.00. Scotiabank's price objective indicates a potential upside of 9.49% from the company's current price.

Separately, Ventum Financial increased their target price on Alithya Group from C$2.85 to C$3.00 and gave the company a "buy" rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Alithya Group currently has an average rating of "Moderate Buy" and a consensus target price of C$2.67.

Alithya Group Stock Performance

TSE:ALYA traded down C$0.02 during trading hours on Friday, reaching C$1.37. The company had a trading volume of 21,422 shares, compared to its average volume of 63,783. Alithya Group has a 1-year low of C$1.29 and a 1-year high of C$2.62. The firm has a market cap of C$136.58 million, a PE ratio of -5.96, a price-to-earnings-growth ratio of 2.38 and a beta of -0.61. The business's 50 day moving average price is C$1.38 and its 200-day moving average price is C$1.62. The company has a debt-to-equity ratio of 80.95, a current ratio of 1.34 and a quick ratio of 1.32.

Alithya Group (TSE:ALYA - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 13.00% and a negative net margin of 4.51%.The firm had revenue of C$115.16 million for the quarter. Research analysts forecast that Alithya Group will post 0.0400733 EPS for the current year.

Insider Buying and Selling

In related news, insider Amar Bukkasagaram sold 2,489,682 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of C$1.60, for a total value of C$3,983,491.20. Corporate insiders own 24.03% of the company's stock.

About Alithya Group

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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