Alithya Group Inc. (TSE:ALYA) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analyst consensus is “Hold”: Five of six analysts rate Alithya Group neutral, while one recommends buying. The average 12-month price target is C$1.46.
• Recent analyst actions were largely negative, with firms downgrading the stock and cutting price targets to between C$1.10 and C$1.35.
• Alithya reported C$105.05 million in quarterly revenue and C$0.04 EPS, but remains unprofitable, with a negative 9.03% net margin and a negative 27.81% return on equity.

Shares of Alithya Group Inc. (TSE:ALYA - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$1.46.

Several equities analysts have recently issued reports on the company. ATB Cormark Capital Markets lowered Alithya Group from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$1.60 to C$1.35 in a research note on Friday, August 14th. Desjardins dropped their price objective on Alithya Group from C$1.15 to C$1.10 and set a "hold" rating for the company in a research report on Thursday, October 8th. Ventum Financial lowered Alithya Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from C$2.00 to C$1.35 in a research note on Tuesday, August 18th. Finally, Barrington Research cut Alithya Group from an "outperform" rating to a "market perform" rating in a research report on Friday, August 14th.

Alithya Group Stock Performance

TSE ALYA opened at C$1.15 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. The firm has a market capitalization of C$111.28 million, a price-to-earnings ratio of -2.67, a P/E/G ratio of 2.38 and a beta of -1.15. The firm's 50 day simple moving average is C$1.10 and its 200 day simple moving average is C$1.26. Alithya Group has a 1 year low of C$0.94 and a 1 year high of C$1.92.

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