Altus Group (TSE:AIF – Get Free Report) had its price target lifted by equities researchers at National Bankshares from C$50.00 to C$55.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 7.11% from the stock’s previous close.
A number of other brokerages have also recently commented on AIF. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating in a research note on Friday, February 23rd. TD Securities increased their price target on shares of Altus Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Canaccord Genuity Group cut their price target on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a research note on Monday, January 29th. BMO Capital Markets raised their target price on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Finally, CIBC raised their target price on shares of Altus Group from C$51.50 to C$52.50 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Altus Group presently has an average rating of “Hold” and an average target price of C$53.28.
Read Our Latest Research Report on Altus Group
Altus Group Stock Down 0.6 %
Altus Group (TSE:AIF – Get Free Report) last announced 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. The firm had revenue of C$191.57 million during the quarter, compared to analysts’ expectations of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. As a group, research analysts anticipate that Altus Group will post 2.0527987 earnings per share for the current year.
Insiders Place Their Bets
In other Altus Group news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value of C$574,750.08. Corporate 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.
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