Alithya Group (TSE:ALYA) Downgraded to Hold Rating by Desjardins

Desjardins cut shares of Alithya Group (TSE:ALYA) from a buy rating to a hold rating in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has C$1.15 price target on the stock, down from their prior price target of C$1.55.

Several other equities analysts have also recently commented on the stock. Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. Barrington Research cut Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday. ATB Cormark Capital Markets cut Alithya Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$1.60 to C$1.35 in a research note on Friday. Finally, Ventum decreased their target price on Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Alithya Group presently has an average rating of “Hold” and a consensus price target of C$1.80.

Alithya Group Stock Down 2.7%

Shares of TSE:ALYA opened at C$1.07 on Friday. Alithya Group has a 12-month low of C$0.94 and a 12-month high of C$2.20. 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$103.54 million, a PE ratio of -2.67, a price-to-earnings-growth ratio of 2.38 and a beta of -0.71. The company has a fifty day simple moving average of C$1.06 and a 200 day simple moving average of C$1.29.

Alithya Group (TSE:ALYA) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$105.05 million during the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. On average, equities research analysts anticipate that Alithya Group will post 0.0400733 EPS for the current fiscal year.

Alithya Group News Roundup

Here are the key news stories impacting Alithya Group this week:

• Positive Sentiment: ATB Cormark lowered its rating to “sector perform” from “outperform” but set a C$1.35 price target, implying potential upside from the recent C$1.06 level. Tickerreport analyst rating article
• Positive Sentiment: Desjardins downgraded Alithya to “hold” from “buy,” while its C$1.15 target remains above the recent market price. However, the target was reduced substantially from C$1.55. BayStreet.CA analyst ratings article
• Neutral Sentiment: Alithya reported quarterly revenue of C$105.05 million and adjusted? reported EPS of C$0.04. The company nevertheless posted a negative net margin of 8.12% and negative return on equity of 24.36%, highlighting ongoing profitability concerns. Alithya Group earnings report
• Negative Sentiment: Barrington Research cut its rating from “outperform” to “market perform,” adding to the broader shift toward more cautious expectations for Alithya. BayStreet.CA analyst ratings article
• Negative Sentiment: The overall message from the analyst actions is bearish: ratings were reduced by Desjardins, ATB Cormark and Barrington, and both firms providing targets lowered them. This suggests concerns about Alithya’s earnings quality, profitability and near-term growth outlook.

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.