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

by · The Cerbat Gem

Altus Group (TSE:AIF – Get Free Report) had its price objective raised by stock analysts at BMO Capital Markets from C$57.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 9.99% from the company’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada lowered their target price on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. CIBC upped their price objective on shares of Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Scotiabank dropped their target price on shares of Altus Group from C$63.00 to C$56.00 in a research report on Monday, November 10th. Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$61.00 to C$65.00 in a research note on Friday, November 21st. Finally, National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$59.86.

View Our Latest Stock Analysis on AIF

Altus Group Stock Up 0.3%

Shares of Altus Group stock traded up C$0.15 on Friday, hitting C$55.46. The company had a trading volume of 55,892 shares, compared to its average volume of 153,125. Altus Group has a 1 year low of C$43.84 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The stock has a 50 day moving average of C$55.89 and a 200-day moving average of C$56.22. The stock has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 6.20, a P/E/G ratio of 0.96 and a beta of 0.59.

Altus Group (TSE:AIF – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The business had revenue of C$133.32 million during the quarter. As a group, sell-side analysts forecast that Altus Group will post 1.7263823 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William Brennan purchased 4,119 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of C$48.85 per share, for a total transaction of C$201,213.15. Following the purchase, the director owned 2,036,564 shares of the company’s stock, valued at C$99,486,151.40. The trade was a 0.20% increase in their ownership of the stock. Also, Director Michael Gordon acquired 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of C$50.15 per share, with a total value of C$516,043.50. Following the acquisition, the director owned 16,290 shares in the company, valued at C$816,943.50. The trade was a 171.50% increase in their position. Insiders acquired 35,819 shares of company stock valued at $1,784,067 over the last three months. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

(Get Free Report)

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.

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