Alithya Group Inc. (TSE:ALYA) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analyst consensus is “Hold”: Five of six analysts rate Alithya Group shares Hold, while one recommends Buy. The average 12-month price target is C$1.47.
• Several firms recently downgraded the stock or lowered their targets, with updated price objectives generally ranging from C$1.15 to C$1.35, despite Ventum maintaining a Buy rating at C$2.00.
• Alithya reported C$105.05 million in quarterly revenue and C$0.04 EPS, but continues to show weak profitability, including a negative 9.03% net margin and 27.81% negative return on equity.

Alithya Group Inc. (TSE:ALYA - Get Free Report) has received a consensus rating of "Hold" from the six research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$1.47.

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

Alithya Group Stock Performance

Alithya Group stock opened at C$1.15 on Friday. 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 capitalization of C$111.28 million, a price-to-earnings ratio of -2.67, a PEG ratio of 2.38 and a beta of -0.84. The stock has a fifty day moving average of C$1.12 and a two-hundred day moving average of C$1.19. The company has a debt-to-equity ratio of 95.41, a quick ratio of 1.32 and a current ratio of 1.45.

Alithya Group (TSE:ALYA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 27.81% and a negative net margin of 9.03%. On average, 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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