ATB Cormark Capital Markets Boosts Altus Group (TSE:AIF) Price Target to C$58.00

Altus Group (TSE:AIF) had its price objective lifted by stock analysts at ATB Cormark Capital Markets from C$54.00 to C$58.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 14.26% from the company’s current price.

AIF has been the topic of several other research reports. BMO Capital Markets raised their price target on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday. TD Securities reduced their price target on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada dropped their target price on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$56.50.

Altus Group Trading Up 1.8%

AIF stock opened at C$50.76 on Friday. The company has a market capitalization of C$2.01 billion, a PE ratio of 6.00, a P/E/G ratio of 0.96 and a beta of 0.55. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07. The firm’s 50-day moving average is C$45.77 and its 200 day moving average is C$51.33. The company has a debt-to-equity ratio of 48.84, a current ratio of 1.03 and a quick ratio of 1.30.

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

About Altus Group

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.