Altus Group Limited (TSE:AIF) Receives C$55.43 Average Target Price from Brokerages

Shares of Altus Group Limited (TSE:AIF) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$55.43.

AIF has been the topic of a number of research analyst reports. National Bank Financial cut Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada reduced their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. BMO Capital Markets lowered their target price on shares of Altus Group from C$61.00 to C$48.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. Finally, TD Securities dropped their target price on shares of 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.

Altus Group Price Performance

TSE:AIF opened at C$46.60 on Friday. The business’s 50-day simple moving average is C$45.23 and its two-hundred day simple moving average is C$52.37. Altus Group has a 52 week low of C$36.97 and a 52 week high of C$63.07. The stock has a market cap of C$1.85 billion, a PE ratio of 5.51, a P/E/G ratio of 0.96 and a beta of 0.74. 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 (TSE:AIF) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.67 earnings per share 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%. As a group, analysts forecast that Altus Group will post 1.7263823 EPS for the current fiscal 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.