Altus Group (TSE:AIF) Price Target Increased to C$55.00 by Analysts at National Bankshares

Altus Group (TSE:AIF) had its price objective hoisted by National Bankshares from C$50.00 to C$55.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also weighed in on AIF. Scotiabank upped their price objective on Altus Group from C$48.00 to C$50.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. CIBC upped their price objective on Altus Group from C$51.50 to C$52.50 and gave the stock a neutral rating in a report on Friday, February 23rd. TD Securities upped their price objective on Altus Group from C$52.00 to C$56.00 and gave the stock a buy rating in a report on Friday, February 23rd. BMO Capital Markets upped their price objective on Altus Group from C$48.00 to C$51.00 and gave the stock a market perform rating in a report on Friday, February 23rd. Finally, Canaccord Genuity Group dropped their price objective on Altus Group from C$63.00 to C$59.00 and set a buy rating on the stock in a report on Monday, January 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Altus Group presently has a consensus rating of Hold and an average target price of C$53.28.

Altus Group Trading Down 0.4 %

TSE:AIF opened at C$51.48 on Thursday. The firm has a market cap of C$2.34 billion, a P/E ratio of 234.00, a PEG ratio of 0.96 and a beta of 0.78. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. The stock’s 50 day simple moving average is C$50.42 and its 200-day simple moving average is C$46.28. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$58.60.

Altus Group (TSE:AIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. The business had revenue of C$191.57 million for the quarter, compared to analyst estimates of C$192.55 million. Altus Group had a return on equity of 1.70% and a net margin of 1.32%. Equities analysts anticipate that Altus Group will post 2.0527987 EPS for the current year.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Altus Group’s dividend payout ratio is currently 272.73%.

Insider Activity

In other news, Director Alex Probyn sold 11,087 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total value of C$574,750.08. Company insiders own 0.07% of the company’s stock.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.