Altair Engineering Inc (ALTR) Given Average Recommendation of “Buy” by Analysts

Altair Engineering Inc (NASDAQ:ALTR) has received an average recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.40.

A number of brokerages have weighed in on ALTR. Berenberg Bank began coverage on Altair Engineering in a report on Tuesday, January 30th. They issued a “buy” rating and a $33.00 target price for the company. Royal Bank of Canada began coverage on Altair Engineering in a report on Monday, November 27th. They issued a “sector perform” rating and a $26.00 target price for the company. Canaccord Genuity began coverage on Altair Engineering in a report on Monday, November 27th. They issued a “hold” rating and a $25.00 target price for the company. William Blair began coverage on Altair Engineering in a report on Monday, November 27th. They issued an “outperform” rating for the company. Finally, Deutsche Bank began coverage on Altair Engineering in a report on Monday, November 27th. They issued a “buy” rating and a $28.00 target price for the company.

Altair Engineering (NASDAQ ALTR) traded down $0.54 during trading on Tuesday, hitting $26.95. The company had a trading volume of 286,222 shares, compared to its average volume of 206,745. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of -1.31. Altair Engineering has a one year low of $16.55 and a one year high of $28.90.

Altair Engineering (NASDAQ:ALTR) last issued its earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.63). The business had revenue of $84.90 million during the quarter, compared to analyst estimates of $83.07 million. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts predict that Altair Engineering will post 0.22 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Altair Engineering stock. Schwab Charles Investment Management Inc. acquired a new stake in shares of Altair Engineering Inc (NASDAQ:ALTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,601 shares of the semiconductor manufacturer’s stock, valued at approximately $1,283,000. Schwab Charles Investment Management Inc. owned approximately 0.09% of Altair Engineering as of its most recent SEC filing. 0.09% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Altair Engineering (NASDAQ:ALTR)

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