Brokerages Set Altus Group Limited (TSE:AIF) PT at C$56.50

Altus Group Limited (TSE:AIF) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$56.50.

Several analysts have commented on the company. TD Securities reduced 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 note on Wednesday, February 25th. BMO Capital Markets upped their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. ATB Cormark Capital Markets increased their target price on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada cut their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th.

Altus Group Stock Up 2.1%

Shares of TSE AIF opened at C$46.37 on Tuesday. The stock has a market cap of C$1.84 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.55. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 48.84. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The business has a 50-day moving average price of C$46.31 and a 200 day moving average price of C$51.04.

Altus Group (TSE:AIF) last announced its 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 return on equity of 49.43% and a net margin of 69.98%. Equities research analysts forecast 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.