Altus Group (TSE:AIF) Price Target Increased to C$33.00 by Analysts at BMO Capital Markets Posted by Ethan Ryder
Altus Group (TSE:AIF) had its target price hoisted by BMO Capital Markets from C$30.00 to C$33.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 2.90% from the company’s previous close.
Several other brokerages have also recently issued reports on AIF. CIBC raised their price objective on Altus Group from C$23.00 to C$26.00 in a research note on Wednesday, June 19th. National Bank Financial raised their price objective on Altus Group from C$30.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Altus Group has a consensus rating of “Buy” and a consensus target price of C$33.50. Get Altus Group alerts:
Shares of TSE:AIF opened at C$32.07 on Thursday. Altus Group has a 52-week low of C$21.67 and a 52-week high of C$32.76. The stock has a market capitalization of $1.22 billion and a PE ratio of -74.76. The company has a debt-to-equity ratio of 63.73, a quick ratio of 1.76 and a current ratio of 1.77. The business has a 50-day moving average price of C$30.55. Altus Group (TSE:AIF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.23. The firm had revenue of C$128.00 million during the quarter, compared to analysts’ expectations of C$126.33 million. Research analysts expect that Altus Group will post 1.82 EPS for the current fiscal year.
In other news, Senior Officer Niall Mcsweeney sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$29.55, for a total value of C$59,102.00. Following the completion of the transaction, the insider now directly owns 33,866 shares in the company, valued at C$1,000,774.17.
Altus Group Company Profile
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.
