Alithya Group (TSE:ALYA) Stock Rating Lowered by Ventum Financial

Key Points

• Ventum Financial downgraded Alithya Group from “buy” to “neutral” and cut its price target from C$2.00 to C$1.35, implying 22.73% upside from the prior close.
• Several other brokerages also reduced their ratings or price targets. The analyst consensus is now “hold”, with an average target price of C$1.47.
• Alithya shares recently traded at C$1.10, while the company reported C$105.05 million in quarterly revenue and C$0.04 earnings per share; profitability remained weak, with a negative net margin of 9.03%.

Alithya Group (TSE:ALYA - Get Free Report) was downgraded by equities researchers at Ventum Financial from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They presently have a C$1.35 price target on the stock, down from their previous price target of C$2.00. Ventum Financial's price target would indicate a potential upside of 22.73% from the stock's previous close.

A number of other brokerages have also recently commented on ALYA. Desjardins cut Alithya Group from a "buy" rating to a "hold" rating and dropped their price target for the company from C$1.55 to C$1.15 in a research note on Friday. Barrington Research cut Alithya Group from an "outperform" rating to a "market perform" rating in a report on Friday. Scotiabank downgraded Alithya Group from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$2.00 to C$1.50 in a research note on Friday, April 24th. Ventum dropped their price objective on shares of Alithya Group to C$2.00 and set a "buy" rating for the company in a report on Monday, June 15th. Finally, ATB Cormark Capital Markets lowered shares of Alithya Group from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$1.60 to C$1.35 in a report on Friday. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$1.47.

Alithya Group Price Performance

Shares of ALYA traded up C$0.02 during trading hours on Tuesday, hitting C$1.10. 5,274 shares of the company were exchanged, compared to its average volume of 58,811. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41. Alithya Group has a fifty-two week low of C$0.94 and a fifty-two week high of C$2.20. The company has a market cap of C$106.44 million, a price-to-earnings ratio of -2.56, a P/E/G ratio of 2.38 and a beta of -0.71. The firm's fifty day moving average is C$1.06 and its 200 day moving average is C$1.28.

Alithya Group (TSE:ALYA - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$105.05 million during the quarter. Alithya Group had a negative return on equity of 27.81% and a negative net margin of 9.03%. On average, equities analysts anticipate that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

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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