Analysts Set Altus Group Limited (TSE:AIF) Target Price at C$55.43

Altus Group Limited (TSE:AIF) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$55.43.

A number of brokerages have recently issued reports on AIF. Canadian Imperial Bank of Commerce upped their price target on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. TD Securities reduced their price target on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. National Bank Financial downgraded shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$61.00 to C$65.00 in a research report on Friday, November 21st. Finally, BMO Capital Markets decreased their target price on shares of Altus Group from C$61.00 to C$48.00 and set a “market perform” rating for the company in a research note on Friday, February 20th.

Altus Group Stock Up 1.3%

Shares of Altus Group stock opened at C$45.94 on Monday. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03. The stock has a market capitalization of C$1.86 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company has a 50-day simple moving average of C$48.49 and a two-hundred day simple moving average of C$54.19.

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

Insider Buying and Selling

In other news, Director William Brennan bought 1,146 shares of the stock in a transaction on Tuesday, December 23rd. The shares were bought at an average price of C$56.20 per share, with a total value of C$64,405.20. Following the completion of the acquisition, the director owned 2,534,757 shares in the company, valued at C$142,453,343.40. The trade was a 0.05% increase in their ownership of the stock. Insiders acquired a total of 4,846 shares of company stock worth $265,940 in the last three months. 4.05% of the stock is currently owned by corporate insiders.

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.