Alithya Group (TSE:ALYA) Rating Increased to Outperform at ATB Cormark Capital Markets

Alithya Group (TSE:ALYA) was upgraded by stock analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a C$1.60 price target on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 56.86% from the stock’s current price.

ALYA has been the subject of a number of other research reports. Desjardins reduced their target price on Alithya Group from C$1.75 to C$1.55 and set a “buy” rating for the company in a report on Tuesday, July 21st. Scotiabank downgraded Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. Finally, Ventum decreased 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. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$1.93.

Alithya Group Stock Performance

Shares of Alithya Group stock traded up C$0.01 during trading on Tuesday, hitting C$1.02. 311,019 shares of the company’s stock were exchanged, compared to its average volume of 56,647. The business has a 50-day simple moving average of C$1.09 and a 200-day simple moving average of C$1.33. Alithya Group has a 52-week low of C$0.94 and a 52-week high of C$2.59. The stock has a market capitalization of C$98.70 million, a price-to-earnings ratio of -2.55, a PEG ratio of 2.38 and a beta of -0.68. 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 released its earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$113.78 million during the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%. On average, research analysts forecast that Alithya Group will post 0.0400733 EPS for the current 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.