Based on the Altair Engineering Inc stock forecast from 3 analysts, the average analyst target price for Altair Engineering Inc is USD 75.00 over the next 12 months. Altair Engineering Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Altair Engineering Inc is Slightly Bearish, which is based on 5 positive signals and 7 negative signals. At the last closing, Altair Engineering Inc’s stock price was USD 71.97. Altair Engineering Inc’s stock price has changed by +0.32% over the past week, +20.98% over the past month and +53.75% over the last year.
No recent analyst target price found for Altair Engineering Inc
No recent average analyst rating found for Altair Engineering Inc
Company Overview Altair Engineering Inc
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan. Address: 1820 East Big Beaver Road, Troy, MI, United States, 48083 Read Less
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Softw...Read More
Frequently Asked Questions About Altair Engineering Inc (ALTR) Stock
Based on ratings from 3 analysts Altair Engineering Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 2 buy, sell and 1 hold ratings.
Unfortunately we do not have enough data on ALTR's stock to indicate if its a good dividend stock.
Based on targets from 3 analysts, the average taret price for ALTR is USD 75.00 over the next 12 months. The maximum analyst target price is USD 77 while the minimum anlayst target price is USD 74.
ALTR stock's Price/Earning ratio is 1,679.60.
Our analysis grades ALTR stock's Price / Earning ratio at F. This means that ALTR stock's Price/Earning ratio is above 95% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this ALTR may be a overvalued for its sector.
The last closing price of ALTR's stock was USD 71.97.
The most recent market capitalization for ALTR is USD 5.93B.
Based on targets from 3 analysts, the average taret price for ALTR is projected at USD 75.00 over the next 12 months.
This means that ALTR's stock price may go up by +4.21% over the next 12 months.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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