ATB Cormark Capital Markets Issues Positive Forecast for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its target price lifted by ATB Cormark Capital Markets from C$54.00 to C$58.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on AIF. Royal Bank Of Canada decreased their target price on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. TD Securities decreased their target price on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, BMO Capital Markets increased their target price on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$56.50.

Altus Group Price Performance

Shares of AIF opened at C$50.76 on Friday. The company has a 50 day moving average price of C$45.77 and a 200-day moving average price of C$51.38. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The stock has a market capitalization of C$2.01 billion, a PE ratio of 6.00, a PEG ratio of 0.96 and a beta of 0.55. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, February 19th. The company reported C$0.67 EPS for the quarter. Altus Group had a net margin of 69.98% and a return on equity of 49.43%. The company had revenue of C$108.96 million during the quarter. Equities analysts predict that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.