Scotiabank Raises Altus Group (TSE:AIF) Price Target to C$53.00

Altus Group (TSE:AIFGet Free Report) had its price target lifted by research analysts at Scotiabank from C$49.00 to C$53.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 10.14% from the stock’s current price.

AIF has been the topic of a number of other reports. Canaccord Genuity Group cut 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. National Bankshares increased their price objective on 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. BMO Capital Markets increased their price objective on 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. Cormark raised Altus Group from a “market perform” rating to a “buy” rating in a report on Friday, February 23rd. Finally, TD Securities dropped their target price on Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$53.56.

Check Out Our Latest Research Report on AIF

Altus Group Trading Down 0.5 %

Altus Group stock opened at C$48.12 on Tuesday. The stock has a 50-day moving average of C$50.79 and a two-hundred day moving average of C$46.48. The company has a debt-to-equity ratio of 62.20, a quick ratio of 1.30 and a current ratio of 1.50. Altus Group has a one year low of C$35.29 and a one year high of C$54.18. The stock has a market cap of C$2.20 billion, a PE ratio of 185.08, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79.

Altus Group (TSE:AIFGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. The company had revenue of C$191.57 million during the quarter, compared to analysts’ expectations of C$192.55 million. On average, research analysts anticipate that Altus Group will post 2.0016598 EPS for the current fiscal year.

Insider Activity

In other news, Director Alex Probyn sold 11,087 shares of the firm’s stock in a transaction that occurred 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 4.04% of the company’s stock.

Altus Group Company Profile

(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.

Further Reading

Analyst Recommendations for Altus Group (TSE:AIF)

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