Altair Engineering (NASDAQ:ALTR) had its price objective raised by Royal Bank of Canada to $29.00 in a research note issued on Monday, The Fly reports. The firm presently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 1.36% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other research analysts have also issued reports on ALTR. JPMorgan 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 price objective for the company. 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 price objective for the company. William Blair started coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued an “outperform” rating for the company. Canaccord Genuity started coverage on shares of Altair Engineering in a report on Monday, November 27th. They set a “hold” rating and a $25.00 price target for the company. Finally, Berenberg Bank started coverage on shares of Altair Engineering in a report on Tuesday, January 30th. They set a “buy” rating and a $33.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.
Altair Engineering (NASDAQ:ALTR) opened at $29.40 on Monday. Altair Engineering has a fifty-two week low of $16.55 and a fifty-two week high of $30.65. The company has a debt-to-equity ratio of -1.31, a current ratio of 0.52 and a quick ratio of 0.51.
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About Altair Engineering
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.
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