Altus Group (TSE:AIF) Price Target Raised to C$55.00

Altus Group (TSE:AIF) had its price objective raised by National Bank Financial from C$50.00 to C$55.00 in a research report released on Wednesday morning,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also issued reports on AIF. ATB Cormark Capital Markets raised their price target on shares of Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets lifted their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Altus Group presently has an average rating of “Hold” and an average price target of C$56.26.

Altus Group Trading Down 1.3%

Shares of TSE:AIF opened at C$50.35 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$59.03. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -122.80, a PEG ratio of 0.96 and a beta of 0.40. The business has a 50-day moving average price of C$46.60 and a 200-day moving average price of C$46.10.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The firm had revenue of C$112.67 million for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%. Equities analysts predict that Altus Group will post 1.73 EPS for the current year.

Insider Activity

In related news, Director William Brennan acquired 3,771 shares of Altus Group stock in a transaction on Monday, September 21st. The stock was acquired at an average price of C$44.84 per share, for a total transaction of C$169,091.64. Following the purchase, the director owned 3,659,822 shares of the company’s stock, valued at approximately C$164,106,418.48. This represents a 0.10% increase in their position. Also, Director Michael Gordon acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of C$44.36 per share, with a total value of C$221,800.00. Following the acquisition, the director owned 46,940 shares in the company, valued at approximately C$2,082,258.40. This trade represents a 11.92% increase in their ownership of the stock. Insiders have acquired a total of 63,208 shares of company stock worth $2,865,356 over the last ninety days. 4.05% of the stock is owned by insiders.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.