Alithya Group (TSE:ALYA) Downgraded by Barrington Research to “Market Perform”

Barrington Research downgraded shares of Alithya Group (TSE:ALYA) from an outperform rating to a market perform rating in a research report released on Friday morning,BayStreet.CA reports.

Several other brokerages have also recently weighed in on ALYA. ATB Cormark Capital Markets raised Alithya Group from a “sector perform” rating to an “outperform” rating and set a C$1.60 price target on the stock in a research note on Tuesday, July 28th. Desjardins lowered their price objective on Alithya Group from C$1.75 to C$1.55 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Ventum dropped their target price on shares of Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Finally, Scotiabank downgraded shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Alithya Group presently has an average rating of “Hold” and a consensus price target of C$1.80.

Alithya Group Stock Performance

Shares of ALYA stock opened at C$1.07 on Friday. The stock has a fifty day moving average of C$1.06 and a 200 day moving average of C$1.29. The firm has a market capitalization of C$103.54 million, a price-to-earnings ratio of -2.67, a PEG ratio of 2.38 and a beta of -0.71. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$2.20.

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

Key Stories Impacting Alithya Group

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.