Alithya Group (TSE:ALYA) Downgraded by ATB Cormark Capital Markets to Sector Perform

ATB Cormark Capital Markets cut shares of Alithya Group (TSE:ALYA) from an outperform rating to a sector perform rating in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has C$1.35 target price on the stock, down from their previous target price of C$1.60.

A number of other research analysts have also recently issued reports on the company. Barrington Research cut Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday. Desjardins cut their price objective on Alithya Group from C$1.75 to C$1.55 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Ventum decreased their price objective on Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Scotiabank downgraded shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alithya Group has an average rating of “Hold” and a consensus target price of C$1.80.

Alithya Group Trading Down 2.7%

ALYA opened at C$1.07 on Friday. The firm’s fifty day moving average is C$1.06 and its two-hundred day moving average is C$1.29. 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. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20. The company has a debt-to-equity ratio of 88.81, a quick ratio of 1.32 and a current ratio of 1.25.

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

Alithya Group News Summary

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.

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.