Altus Group (TSE:AIF) PT Raised to C$42.00

Altus Group (TSE:AIF) had its target price raised by analysts at BMO Capital Markets from C$40.00 to C$42.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 11.70% from the stock’s previous close.

A number of other research analysts have also issued reports on AIF. Canaccord Genuity increased their target price on shares of Altus Group from C$40.00 to C$44.00 in a research report on Friday, November 8th. National Bank Financial lowered shares of Altus Group from an “outperform” rating to a “sector perform” rating and set a C$40.00 target price on the stock. in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on shares of Altus Group from C$39.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. TD Securities increased their target price on shares of Altus Group from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, CIBC increased their target price on shares of Altus Group from C$26.00 to C$30.00 in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$40.17.

Shares of TSE:AIF opened at C$37.60 on Thursday. The company’s 50 day moving average price is C$36.41 and its two-hundred day moving average price is C$35.62. Altus Group has a 12-month low of C$21.67 and a 12-month high of C$40.29. The firm has a market cap of $1.52 billion and a PE ratio of 464.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 62.30.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, November 7th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.28 by C$0.02. The business had revenue of C$136.99 million for the quarter, compared to analyst estimates of C$135.70 million. On average, research analysts expect that Altus Group will post 1.5800001 EPS for the current year.

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.

Further Reading: Ex-Dividend

Analyst Recommendations for Altus Group (TSE:AIF)

Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.