Alithya Group (TSE:ALYA) Rating Lowered to "Sector Perform" at ATB Cormark Capital Markets

Key Points

• ATB Cormark downgraded Alithya Group from “outperform” to “sector perform” and reduced its price target from C$1.60 to C$1.35, implying approximately 27% upside from the stock’s C$1.06 price.
• Analyst sentiment is mixed but leans cautious: Alithya has a consensus “Hold” rating and an average target price of C$1.80, with two Buy ratings and four Hold ratings.
• The company reported C$105.05 million in quarterly revenue and C$0.04 EPS, but continues to show weak profitability, including an 8.12% negative net margin and a 24.36% negative return on equity.

Alithya Group (TSE:ALYA - Get Free Report) was downgraded by stock analysts at ATB Cormark Capital Markets from an "outperform" rating to a "sector perform" rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$1.35 price target on the stock, down from their previous price target of C$1.60. ATB Cormark Capital Markets' price objective indicates a potential upside of 27.36% from the stock's current price.

A number of other research analysts have also weighed in on the stock. Ventum decreased their price target on shares of Alithya Group to C$2.00 and set a "buy" rating on the stock in a research note on Monday, June 15th. Scotiabank cut Alithya Group from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from C$2.00 to C$1.50 in a report on Friday, April 24th. Barrington Research cut Alithya Group from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Desjardins decreased their target price on Alithya Group from C$1.75 to C$1.55 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$1.80.

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Alithya Group Price Performance

TSE:ALYA traded down C$0.04 during trading hours on Friday, reaching C$1.06. 20,288 shares of the company were exchanged, compared to its average volume of 59,354. 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 firm has a market cap of C$102.57 million, a PE ratio of -2.65, a price-to-earnings-growth ratio of 2.38 and a beta of -0.71. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20. The stock's 50-day moving average is C$1.06 and its 200-day moving average is C$1.29.

Alithya Group (TSE:ALYA - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$105.05 million for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. On average, sell-side analysts anticipate that Alithya Group will post 0.0400733 earnings per share 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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