Altus Group (TSE:AIF) Price Target Cut to C$48.00 by Analysts at BMO Capital Markets

Altus Group (TSE:AIF) had its price objective decreased by BMO Capital Markets from C$61.00 to C$48.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research analysts also recently weighed in on AIF. Canadian Imperial Bank of Commerce raised their price target on Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and raised their target price for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. Scotiabank lowered their target price on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. TD Securities dropped their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of 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. Two 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, the stock presently has a consensus rating of “Hold” and an average target price of C$57.14.

Altus Group Trading Up 4.3%

Shares of TSE:AIF opened at C$42.85 on Friday. The company’s 50-day moving average price is C$50.12 and its two-hundred day moving average price is C$54.88. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The stock has a market capitalization of C$1.73 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49.

Altus Group (TSE:AIF) last announced 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 0.43% and a net margin of 0.36%. On average, equities analysts forecast that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insiders Place Their Bets

In other Altus Group news, Director William Brennan purchased 1,146 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of C$56.20 per share, with a total value of C$64,405.20. Following the acquisition, the director directly owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This trade represents a 0.05% increase in their position. In the last quarter, insiders acquired 142,116 shares of company stock valued at $7,683,423. 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.