Altus Group (TSE:AIF) Given New C$54.00 Price Target at BMO Capital Markets

Altus Group (TSE:AIF) had its price target increased by BMO Capital Markets from C$48.00 to C$54.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other brokerages have also weighed in on AIF. Royal Bank Of Canada lowered their price objective on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. TD Securities lowered their price objective on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Altus Group presently has an average rating of “Hold” and a consensus target price of C$56.29.

Altus Group Price Performance

Shares of AIF stock opened at C$49.85 on Thursday. The company has a debt-to-equity ratio of 48.84, a current ratio of 1.03 and a quick ratio of 1.30. The firm’s 50-day moving average is C$45.59 and its two-hundred day moving average is C$51.44. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07. The company has a market capitalization of C$1.98 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.55.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. The company had revenue of C$108.96 million during the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%. Analysts predict that Altus Group will post 1.7263823 earnings per share for the current year.

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.