Research Analysts Set Expectations for Altus Group Ltd’s Q3 2016 Earnings (AIF)
Altus Group Ltd (TSE:AIF) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings estimates for shares of Altus Group in a research report issued to clients and investors on Monday. National Bank Financial analyst R. Tse forecasts that the firm will earn $0.26 per share for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Altus Group’s Q4 2016 earnings at $0.39 EPS, FY2016 earnings at $1.12 EPS and FY2017 earnings at $1.41 EPS.
Several other brokerages have also recently weighed in on AIF. CIBC increased their target price on Altus Group from C$20.00 to C$24.25 in a report on Friday, August 12th. BMO Capital Markets increased their target price on Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Canaccord Genuity increased their target price on Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, TD Securities initiated coverage on Altus Group in a report on Friday, July 15th. They set a “buy” rating and a C$28.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$26.45.
Shares of Altus Group (TSE:AIF) opened at 29.25 on Thursday. The stock has a market capitalization of $1.08 billion and a PE ratio of 64.86. The stock’s 50 day moving average is $27.89 and its 200 day moving average is $23.34. Altus Group has a 52-week low of $16.90 and a 52-week high of $29.63.
In other Altus Group news, insider Jim Derbyshire sold 10,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$29.10, for a total transaction of C$317,190.00.
Altus Group Company Profile
Altus Group Limited is a Canada-based provider of independent advisory services, software and data solutions to the commercial real estate industry. The Company’s five core practices include: Research, Valuation and Advisory (RVA), ARGUS Software (AS), Property Tax Consulting (PTC), Cost Consulting and Project Management (CCPM) and Geomatics.
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