Altus Group (TSE:AIF) Price Target Raised to C$56.00 at Royal Bank of Canada

Altus Group (TSE:AIF - Get Free Report) had its target price lifted by equities researchers at Royal Bank of Canada from C$55.00 to C$56.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada's price objective would suggest a potential downside of 0.27% from the company's current price.

Several other analysts have also issued reports on the stock. TD Securities dropped their target price on shares of Altus Group from C$65.00 to C$63.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. BMO Capital Markets decreased their price objective on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. National Bankshares boosted their target price on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Scotiabank dropped their price objective on Altus Group from C$59.00 to C$51.00 and set a "sector perform" rating for the company in a research note on Friday, August 9th. Finally, Cormark decreased their target price on Altus Group from C$63.00 to C$56.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Altus Group currently has a consensus rating of "Hold" and a consensus target price of C$56.22.

Altus Group Trading Up 3.8 %

Shares of TSE AIF traded up C$2.03 during midday trading on Friday, hitting C$56.15. The company's stock had a trading volume of 246,185 shares, compared to its average volume of 71,222. The business's 50 day moving average is C$53.97 and its two-hundred day moving average is C$52.09. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$59.60. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The firm has a market cap of C$2.59 billion, a P/E ratio of 935.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.23. The company had revenue of C$206.71 million during the quarter, compared to analysts' expectations of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. As a group, equities research analysts expect that Altus Group will post 1.7263823 EPS for the current year.

Insider Transactions at Altus Group

In other news, Director William Brennan sold 18,551 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. Also, Director William Brennan sold 18,551 shares of Altus Group stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Corporate insiders own 4.05% of the company's stock.

Altus Group Company Profile

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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