Brokers Set Expectations for Altus Group Ltd’s Q3 2017 Earnings (AIF)
Altus Group Ltd (TSE:AIF) – Investment analysts at National Bank Financial issued their Q3 2017 earnings estimates for shares of Altus Group in a research report issued on Wednesday. National Bank Financial analyst R. Tse forecasts that the company will post earnings per share of $0.33 for the quarter.
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A number of other brokerages also recently issued reports on AIF. TD Securities reiterated a “buy” rating and set a C$37.00 price target on shares of Altus Group in a research report on Monday, May 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$33.00 price target on shares of Altus Group in a research report on Thursday, June 8th. CIBC downgraded Altus Group from an “outperform” rating to a “neutral” rating in a research report on Thursday. Finally, Canaccord Genuity increased their price target on Altus Group from C$34.00 to C$36.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$33.67.
Altus Group (AIF) opened at 32.40 on Monday. The firm has a 50-day moving average price of $27.71 and a 200 day moving average price of $29.59. Altus Group has a 12 month low of $22.51 and a 12 month high of $33.50. The stock has a market capitalization of $1.24 billion and a PE ratio of 72.81.
In other Altus Group news, Director Alex Probyn sold 9,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of C$30.27, for a total transaction of C$272,430.00. Also, Director Raymond Mikulich purchased 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were acquired at an average price of C$28.05 per share, for a total transaction of C$28,050.00. Insiders have acquired 4,000 shares of company stock worth $117,750 in the last quarter.
About Altus Group
Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate industry. Its Altus Analytics unit offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation and portfolio management; ARGUS Developer, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.
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