Altus Group (TSE:AIF) Given New C$55.00 Price Target at TD Securities

Altus Group (TSE:AIF) had its price objective lowered by TD Securities from C$67.00 to C$55.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on AIF. National Bank Financial downgraded Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Cormark raised Altus Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. Canadian Imperial Bank of Commerce lifted their price objective on shares of Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. BMO Capital Markets cut their price target on shares of Altus Group from C$61.00 to C$48.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. Finally, Scotiabank decreased their price objective on Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group currently has an average rating of “Hold” and an average target price of C$55.43.

Altus Group Stock Performance

AIF stock opened at C$44.98 on Wednesday. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The business has a 50-day moving average price of C$49.46 and a 200 day moving average price of C$54.64. The company has a market capitalization of C$1.82 billion, a P/E ratio of 5.03, a PEG ratio of 0.96 and a beta of 0.49. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

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

Insider Buying and Selling at Altus Group

In related news, Director William Brennan purchased 3,100 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average cost of C$54.49 per share, for a total transaction of C$168,919.00. Following the completion of the transaction, the director directly owned 2,503,759 shares of the company’s stock, valued at approximately C$136,429,827.91. This trade represents a 0.12% increase in their ownership of the stock. In the last 90 days, insiders purchased 4,846 shares of company stock worth $265,940. 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.