Altus Group (TSE:AIF) PT Raised to C$53.00 at CIBC

Altus Group (TSE:AIFGet Free Report) had its target price upped by equities research analysts at CIBC from C$51.00 to C$53.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 10.14% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price target on shares of Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. TD Securities lowered their price target on shares of Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a report on Tuesday. National Bankshares boosted their price target on shares of Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Scotiabank boosted their price target on shares of Altus Group from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Canaccord Genuity Group decreased their price objective on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$53.56.

View Our Latest Analysis on Altus Group

Altus Group Trading Down 0.5 %

Altus Group stock opened at C$48.12 on Tuesday. The company’s fifty day simple moving average is C$50.79 and its 200-day simple moving average is C$46.48. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 62.20. Altus Group has a 12 month low of C$35.29 and a 12 month high of C$54.18. The stock has a market cap of C$2.20 billion, a P/E ratio of 185.08, a P/E/G ratio of 0.96 and a beta of 0.79.

Altus Group (TSE:AIFGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, beating the consensus estimate of C$0.42 by C$0.04. Altus Group had a net margin of 1.60% and a return on equity of 2.06%. The business had revenue of C$191.57 million for the quarter, compared to analysts’ expectations of C$192.55 million. As a group, sell-side analysts forecast that Altus Group will post 2.0016598 EPS for the current fiscal year.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. Corporate insiders own 4.04% of the company’s stock.

About Altus Group

(Get Free Report)

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.

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