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

Altus Group (TSE:AIF) had its price target upped by analysts at National Bankshares from C$50.00 to C$55.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 10.38% from the stock’s current price.

AIF has been the topic of several other research reports. CIBC boosted their price target on shares of Altus Group from C$51.50 to C$52.50 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Scotiabank increased their target price on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. TD Securities increased their target price on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Canaccord Genuity Group lowered their target price on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating on the stock in a research note on Monday, January 29th. Finally, BMO Capital Markets increased their target price on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Altus Group has an average rating of “Hold” and a consensus price target of C$53.28.

Altus Group Stock Performance

TSE AIF opened at C$49.83 on Thursday. The company’s 50 day moving average is C$50.50 and its 200-day moving average is C$46.30. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$58.00. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 59.01. The firm has a market cap of C$2.27 billion, a P/E ratio of 226.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.04. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. The company had revenue of C$191.57 million for the quarter, compared to analyst estimates of C$192.55 million. Sell-side analysts predict that Altus Group will post 2.0527987 earnings per share for the current year.

Insider Activity

In other news, Director Alex Probyn sold 11,087 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. Corporate insiders own 0.07% of the company’s stock.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.