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


Altair Engineering Inc. - (ALTR): $67.58

1.27 (+1.92%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

ALTR POWR Grades


  • ALTR scores best on the Growth dimension, with a Growth rank ahead of 83.96% of US stocks.
  • ALTR's strongest trending metric is Growth; it's been moving up over the last 31 weeks.
  • ALTR ranks lowest in Momentum; there it ranks in the 24th percentile.

ALTR Stock Summary

  • Altair Engineering Inc's stock had its IPO on November 1, 2017, making it an older stock than merely 11.66% of US equities in our set.
  • The price/operating cash flow metric for Altair Engineering Inc is higher than 96.25% of stocks in our set with a positive cash flow.
  • In terms of twelve month growth in earnings before interest and taxes, Altair Engineering Inc is reporting a growth rate of 197.92%; that's higher than 90.78% of US stocks.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Altair Engineering Inc are PEN, MTSI, CDMO, VERU, and PKOH.
  • ALTR's SEC filings can be seen here. And to visit Altair Engineering Inc's official web site, go to www.altair.com.

ALTR Valuation Summary

  • ALTR's price/sales ratio is 9.7; this is 83.02% higher than that of the median Technology stock.
  • Over the past 44 months, ALTR's price/sales ratio has gone up $6.2.
  • Over the past 44 months, ALTR's price/sales ratio has gone up $6.2.

Below are key valuation metrics over time for ALTR.

Stock Date P/S P/B P/E EV/EBIT
ALTR 2021-01-12 10.1 12.9 -326.7 413.3
ALTR 2020-10-29 7.3 9.3 -152.4 823.6
ALTR 2020-09-28 6.7 8.6 -141.5 764.5
ALTR 2020-01-24 4.8 7.6 -515.5 176.8
ALTR 2019-03-29 5.3 9.1 189.7 95.4
ALTR 2019-03-18 5.5 9.4 197.2 99.2

ALTR Price Target

For more insight on analysts targets of ALTR, see our ALTR price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $70.60 Average Broker Recommendation 1.62 (Moderate Buy)

ALTR Stock Price Chart Interactive Chart >

Price chart for ALTR

ALTR Price/Volume Stats

Current price $67.58 52-week high $69.00
Prev. close $66.31 52-week low $36.21
Day low $65.85 Volume 215,400
Day high $67.71 Avg. volume 294,710
50-day MA $65.33 Dividend yield N/A
200-day MA $57.13 Market Cap 5.08B

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:
$67.58$8.11 -87%

Below please find a table outlining a discounted cash flow forecast for ALTR, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Altair Engineering Inc ranked in the 14th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Altair Engineering Inc, consider:

  • The business' balance sheet suggests that 4% of the company's capital is sourced from debt; this is greater than just 15.83% of the free cash flow producing stocks we're observing.
  • As a business, Altair Engineering Inc experienced a tax rate of about 31% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 90.12% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-88%
1%-88%
2%-87%
3%-87%
4%-87%
5%-87%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ALTR, try IIJIY, SLP, AUTO, COMM, and CPSH.


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 (ALTR) Unveils SmartWorks, Bolsters Product Innovation

Altair Engineering's (ALTR) launch of Altair SmartWorks is set to empower augmented, data-driven decision making.

Yahoo | June 15, 2021

Cloud-native Altair® SmartWorks™ Empowers Enterprises to Make Data-driven Decisions

Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced the release of Altair SmartWorks, its next-generation, cloud-native platform to empower augmented, data-driven decision making.

Yahoo | June 14, 2021

Jim F. Anderson Joins Altair Board of Directors

Jim F. Anderson Jim F. Anderson elected to Altair's board of directors TROY, Mich., June 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced that Jim F. Anderson was elected to Altair’s board of directors at the June 2, 2021 annual stockholder meeting. “Jim’s passion around building sales channels, combined with his technical and business acumen, make him a

Yahoo | June 3, 2021

Altair to Virtually Present at the Berenberg 2021 Design Software Conference

TROY, Mich., June 01, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), announced today that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via fireside chat format at the Berenberg 2021 Design Software Conference on Tuesday, June 15, 2021 at 10 a.m. EDT / 3 p.m. BST. A live webcast, as we

Yahoo | June 1, 2021

Altair Outlook Positive After Investor Day

Software and cloud solutions company Altair Engineering Inc. (ALTR) held its annual investor day on May 27th and had its executive team layout multi-year targets, data for growth, and rebranding strategies. (See ALTR stock analysis on TipRanks)  Following the event, Kenneth Wong of Guggenheim Partners published a report providing details of the investor day updates. He explained that the company did not change its EBITDA margin growth targets from its 2019 Investor Day, but that the company expects to see those margins expand by 2023.  Wong reiterated a Hold rating on the stock but did not assign a price target.   In the report, Wong stated that “Management maintained a cautiously optimistic stance as the company moves past the pandemic and expects software revenue to drive the majority...

Brock Ladenheim on TipRanks | May 31, 2021

Read More 'ALTR' Stories Here

ALTR Price Returns

1-mo 3.19%
3-mo 6.51%
6-mo N/A
1-year 72.66%
3-year 99.41%
5-year N/A
YTD 16.16%
2020 62.02%
2019 30.20%
2018 15.30%
2017 N/A
2016 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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