Altus Group (TSE:AIF) Price Target Raised to C$56.00

Altus Group (TSE:AIF) had its target price increased by Royal Bank of Canada from C$55.00 to C$56.00 in a report published on Friday morning,BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. TD Securities lowered their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Cormark lowered their price target on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. National Bankshares raised their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Scotiabank decreased their target price on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets cut their price target on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Altus Group currently has an average rating of “Hold” and a consensus target price of C$56.22.

Altus Group Price Performance

Shares of TSE AIF opened at C$56.61 on Friday. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The business has a 50-day moving average of C$54.02 and a 200-day moving average of C$52.12. The stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 943.50, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a fifty-two week low of C$35.29 and a fifty-two week high of C$59.60.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.23. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. The firm had revenue of C$206.71 million for the quarter, compared to analyst estimates of C$132.50 million. As a group, sell-side analysts predict that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.06%. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insiders Place Their Bets

In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of Altus Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. Also, 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. Company 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.