Altair Engineering Inc. - (ALTR): Price and Financial Metrics

Altair Engineering Inc. - (ALTR)

Today's Latest Price: $53.18 USD

1.41 (2.72%)

Updated Nov 27 1:00pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 48 in Software - Business

See all "A" rated Strong Buy stocks

ALTR Stock Summary

  • With a one year PEG ratio of 1,220, Altair Engineering Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 96.83% of US stocks.
  • ALTR's went public 3.08 years ago, making it older than merely 9.92% of listed US stocks we're tracking.
  • Price to trailing twelve month operating cash flow for ALTR is currently 136.17, higher than 96.85% of US stocks with positive operating cash flow.
  • If you're looking for stocks that are quantitatively similar to Altair Engineering Inc, a group of peers worth examining would be PING, APPN, IDN, BAND, and CSTL.
  • ALTR's SEC filings can be seen here. And to visit Altair Engineering Inc's official web site, go to

ALTR Stock Price Chart Interactive Chart >

Price chart for ALTR

ALTR Price/Volume Stats

Current price $53.18 52-week high $53.46
Prev. close $51.77 52-week low $23.04
Day low $51.92 Volume 130,600
Day high $53.46 Avg. volume 291,221
50-day MA $46.10 Dividend yield N/A
200-day MA $38.16 Market Cap 3.92B

Altair Engineering Inc. - (ALTR) Company Bio

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electro-magnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is based in Troy, Michigan.

ALTR Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$53.18$4.56 -91%

We started the process of determining a valid price forecast for Altair Engineering Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Altair Engineering Inc ranked in the 10th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for ALTR, they are:

  • The business' balance sheet suggests that 6% of the company's capital is sourced from debt; this is greater than merely 17.77% of the free cash flow producing stocks we're observing.
  • As a business, Altair Engineering Inc experienced a tax rate of about 56% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 94.06% of stocks generating free cash flow.

Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ALTR, try CASA, ELSE, GWRE, WK, and GLW.

ALTR Latest News Stream

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Latest ALTR News From Around the Web

Below are the latest news stories about Altair Engineering Inc that investors may wish to consider to help them evaluate ALTR as an investment opportunity.

Altair shifting many workloads to Oracle Cloud

Under the new multiyear agreement, Altair (ALTR) will run many of its internal workloads and commercial SaaS on Oracle (ORCL) Cloud infrastructure.The extended partnership will include Altair's high-performance engineering simulation and analytics products.Altair has 11,000 customers worldwide across a wide range of industries, including manufacturing, life sciences, automotive, and financial services."Our customers...

Seeking Alpha | September 22, 2020

Altair: Expensive For Mixed Results

Considering its heavy exposure to some of the most cyclical stocks in the market that have been negatively impacted by the coronavirus, Altair (ALTR) has held up relatively well in the markets this year. Shares are up 13% year-to-date, doubling a ~6% rise in the S&P 500 (yet falling short...

Gary Alexander on Seeking Alpha | August 25, 2020

Plastic Seat Back Lightens Load in Toyota Sienna

Altair Engineering recognizes Toyota seat design with lightweighting award.

PlasticsToday | August 13, 2020

Altair Engineering Inc. (ALTR) Q2 2020 Earnings Call Transcript | The Motley Fool

ALTR earnings call for the period ending June 30, 2020.

The Motley Fool | August 8, 2020

Earnings Preview: Altair Engineering Inc. (ALTR) Q2 Earnings Expected to Decline

Altair Engineering Inc. (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Yahoo | July 30, 2020

Read More 'ALTR' Stories Here

ALTR Price Returns

1-mo 17.97%
3-mo 24.84%
6-mo 36.57%
1-year 60.33%
3-year 140.20%
5-year N/A
YTD 48.09%
2019 30.20%
2018 15.30%
2017 N/A
2016 N/A
2015 N/A

Continue Researching ALTR

Here are a few links from around the web to help you further your research on Altair Engineering Inc's stock as an investment opportunity:

Altair Engineering Inc (ALTR) Stock Price | Nasdaq
Altair Engineering Inc (ALTR) Stock Quote, History and News - Yahoo Finance
Altair Engineering Inc (ALTR) Stock Price and Basic Information | MarketWatch

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