Altus Group (TSE:AIF) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Altus Group (TSE:AIF) had its price target hoisted by research analysts at BMO Capital Markets from C$41.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential downside of 3.81% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. ATB Cormark Capital Markets upped their price target on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. National Bank Financial boosted their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Altus Group has a consensus rating of “Hold” and an average price target of C$55.64.

Altus Group Price Performance

AIF traded up C$6.41 during trading on Friday, hitting C$51.98. The company’s stock had a trading volume of 253,085 shares, compared to its average volume of 220,389. The company has a quick ratio of 1.30, a current ratio of 0.71 and a debt-to-equity ratio of 52.00. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -2,599.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. The firm’s 50 day moving average price is C$45.58 and its two-hundred day moving average price is C$45.52. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%.The company had revenue of C$112.67 million for the quarter. Sell-side analysts forecast that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Insider Buying and Selling at Altus Group

In other news, Director William Brennan purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of C$42.90 per share, with a total value of C$85,800.00. Following the completion of the purchase, the director directly owned 3,529,831 shares of the company’s stock, valued at C$151,429,749.90. The trade was a 0.06% increase in their position. Insiders acquired a total of 190,392 shares of company stock worth $8,052,187 in the last ninety days. Insiders own 4.05% of the company’s stock.

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.