Altus Group (TSE:AIF) Trading Up 11.1% – What’s Next?

Shares of Altus Group Limited (TSE:AIF) were up 11.1% during trading on Monday . The company traded as high as C$49.70 and last traded at C$48.32. Approximately 139,840 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 271,574 shares. The stock had previously closed at C$43.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on AIF. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. BMO Capital Markets lowered their price target on Altus Group from C$61.00 to C$48.00 and set a “market perform” rating on the stock in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce upped their price objective on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. National Bank Financial cut Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Royal Bank Of Canada cut their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$55.43.

Altus Group Stock Performance

The company has a market cap of C$1.95 billion, a P/E ratio of 5.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The business has a 50 day moving average price of C$46.95 and a two-hundred day moving average price of C$53.39. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 EPS for the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.The business had revenue of C$108.96 million for the quarter. On average, sell-side analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Insider Activity at Altus Group

In other news, Director William Brennan bought 1,146 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the acquisition, the director owned 2,534,757 shares in the company, valued at approximately C$142,453,343.40. This trade represents a 0.05% increase in their position. 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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.