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

Key Points

• Analysts rate Alithya Group “Hold” on average: Five of six analysts recommend holding the stock, while one recommends buying it. The average 12-month price target is C$1.47.
• Several brokerages recently lowered their ratings and price targets, including Desjardins, ATB Cormark, Barrington Research, and Ventum Financial. Targets now range from C$1.15 to C$2.00.
• Alithya reported quarterly revenue of C$105.05 million and EPS of C$0.04, but continues to show negative profitability metrics, including a 27.81% negative return on equity and a 9.03% negative net margin.

Shares of Alithya Group Inc. (TSE:ALYA - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$1.47.

A number of brokerages have recently commented on ALYA. Desjardins downgraded shares of Alithya Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$1.55 to C$1.15 in a research report on Friday, August 14th. ATB Cormark Capital Markets cut shares of Alithya Group from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$1.60 to C$1.35 in a report on Friday, August 14th. Barrington Research downgraded shares of Alithya Group from an "outperform" rating to a "market perform" rating in a research note on Friday, August 14th. Ventum reduced their price target on Alithya Group to C$2.00 and set a "buy" rating for the company in a report on Monday, June 15th. Finally, Ventum Financial downgraded Alithya Group from a "buy" rating to a "neutral" rating and lowered their price target for the stock from C$2.00 to C$1.35 in a research report on Tuesday, August 18th.

Alithya Group Price Performance

ALYA stock opened at C$1.12 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41. The business has a 50 day moving average price of C$1.08 and a two-hundred day moving average price of C$1.22. The company has a market cap of C$108.38 million, a price-to-earnings ratio of -2.60, a P/E/G ratio of 2.38 and a beta of -0.84. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20.

Alithya Group (TSE:ALYA - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 27.81% and a negative net margin of 9.03%.The company had revenue of C$105.05 million for the quarter. Analysts anticipate that Alithya Group will post 0.0400733 EPS 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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