Altair Engineering Inc (ALTR) Given $26.00 Average Price Target by Analysts

Shares of Altair Engineering Inc (NASDAQ:ALTR) have received an average broker rating score of 2.20 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a 1-year consensus target price of $26.00 for the company, according to Zacks. Zacks has also assigned Altair Engineering an industry rank of 69 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently commented on ALTR shares. J P Morgan Chase & Co started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “neutral” rating and a $25.00 target price on the stock. Deutsche Bank started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “buy” rating and a $28.00 target price on the stock. William Blair started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued an “outperform” rating on the stock. Canaccord Genuity started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Royal Bank of Canada started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “sector perform” rating and a $26.00 target price on the stock.

Shares of Altair Engineering (ALTR) traded down $1.26 during trading hours on Tuesday, reaching $23.13. 490,952 shares of the company’s stock traded hands, compared to its average volume of 377,636. The company has a debt-to-equity ratio of -1.31, a current ratio of 0.52 and a quick ratio of 0.51. Altair Engineering has a twelve month low of $16.55 and a twelve month high of $25.59. The stock has a market capitalization of $1,530.00 and a P/E ratio of -42.05.

Altair Engineering (NASDAQ:ALTR) last released its earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.63). The firm had revenue of $84.90 million for the quarter, compared to analysts’ expectations of $83.07 million. The company’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts expect that Altair Engineering will post 0.22 EPS for the current year.

In related news, major shareholder Gc Investments Llc sold 800,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $9,672,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Ralph Scapa sold 1,734,996 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $20,976,101.64. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Altair Engineering Inc (ALTR) Given $26.00 Average Price Target by Analysts” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/22/altair-engineering-inc-altr-given-26-00-average-price-target-by-analysts.html.

Altair Engineering Company Profile

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

Get a free copy of the Zacks research report on Altair Engineering (ALTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Altair Engineering (NASDAQ:ALTR)

Receive News & Ratings for Altair Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altair Engineering and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit