Altus Group (TSE:AIF) Given New C$50.00 Price Target at Royal Bank Of Canada

Altus Group (TSE:AIF) had its target price cut by Royal Bank Of Canada from C$56.00 to C$50.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their target price on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. National Bank Financial lowered Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. BMO Capital Markets boosted their target price on shares of Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th. Scotiabank lowered their target price on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Finally, TD Securities cut their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, November 7th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$57.14.

Altus Group Price Performance

Shares of Altus Group stock opened at C$42.85 on Friday. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The firm’s 50-day simple moving average is C$50.12 and its 200-day simple moving average is C$54.88. Altus Group has a twelve month low of C$36.97 and a twelve month high of C$63.07. The firm has a market cap of C$1.73 billion, a P/E ratio of 4.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share (EPS) for the quarter. The firm had revenue of C$108.96 million during the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. As a group, research analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insider Activity

In related news, Director William Brennan sold 93,975 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$53.99, for a total transaction of C$5,073,710.25. Following the transaction, the director owned 2,364,956 shares in the company, valued at C$127,683,974.44. This represents a 3.82% decrease in their position. Insiders bought 142,116 shares of company stock valued at $7,683,423 over the last three months. 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.