Altus Group (TSE:AIF) Price Target Raised to C$50.00

Altus Group (TSE:AIF) had its price objective lifted by analysts at National Bank Financial from C$41.00 to C$50.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 3.81% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. ATB Cormark Capital Markets raised their target price on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$55.64.

Altus Group Trading Up 14.1%

TSE AIF traded up C$6.41 on Friday, hitting C$51.98. The company’s stock had a trading volume of 253,085 shares, compared to its average volume of 220,389. The firm has a market cap of C$1.86 billion, a P/E ratio of -2,599.00, a PEG ratio of 0.96 and a beta of 0.29. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company’s 50-day simple moving average is C$45.58 and its 200 day simple moving average is C$45.52. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (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 2.76% and a negative net margin of 3.42%. Research analysts predict that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insider Activity

In other Altus Group news, Director William Brennan purchased 106,515 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the transaction, the director directly owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. The trade was a 3.16% increase in their position. In the last three months, insiders have bought 190,392 shares of company stock valued at $8,052,187. 4.05% of the stock is owned by company 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.