Altus Group (TSE:AIF) Price Target Raised to C$61.00 at BMO Capital Markets

Altus Group (TSE:AIF) had its price target boosted by BMO Capital Markets from C$57.00 to C$61.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 9.99% from the stock’s previous close.

Several other equities analysts have also recently issued reports on AIF. National Bankshares cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. Natl Bk Canada cut shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. CIBC increased their price objective on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. Scotiabank cut their target price on Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Finally, Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Altus Group has a consensus rating of “Moderate Buy” and a consensus target price of C$59.86.

Altus Group Trading Up 0.3%

Altus Group stock traded up C$0.15 during trading hours on Friday, hitting C$55.46. The stock had a trading volume of 55,892 shares, compared to its average volume of 153,125. The business’s 50 day simple moving average is C$55.89 and its 200-day simple moving average is C$56.22. Altus Group has a one year low of C$43.84 and a one year high of C$63.07. The stock has a market cap of C$2.40 billion, a price-to-earnings ratio of 6.20, a P/E/G ratio of 0.96 and a beta of 0.59. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$133.32 million during the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%. On average, equities analysts predict that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William Brennan acquired 12,207 shares of the stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of C$49.95 per share, for a total transaction of C$609,739.65. Following the purchase, the director directly owned 2,051,152 shares of the company’s stock, valued at C$102,455,042.40. The trade was a 0.60% increase in their position. Also, Director Michael Gordon bought 10,290 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average price of C$50.15 per share, for a total transaction of C$516,043.50. Following the transaction, the director directly owned 16,290 shares in the company, valued at C$816,943.50. This trade represents a 171.50% increase in their ownership of the stock. Insiders have acquired a total of 35,819 shares of company stock worth $1,784,067 over the last 90 days. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

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.