Altus Group (TSE:AIF) Price Target Raised to C$55.00

Altus Group (TSE:AIFFree Report) had its price objective increased by National Bankshares from C$50.00 to C$55.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

AIF has been the topic of a number of other reports. Scotiabank upped their price target on Altus Group from C$48.00 to C$50.00 and gave the company a sector perform rating in a research report on Wednesday, January 31st. CIBC upped their price target on Altus Group from C$51.50 to C$52.50 and gave the company a neutral rating in a research report on Friday, February 23rd. Cormark upgraded Altus Group from a market perform rating to a buy rating in a research report on Friday, February 23rd. Canaccord Genuity Group lowered their price target on Altus Group from C$63.00 to C$59.00 and set a buy rating on the stock in a research report on Monday, January 29th. Finally, BMO Capital Markets upped their price target on Altus Group from C$48.00 to C$51.00 and gave the company a market perform rating in a research report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from, Altus Group has a consensus rating of Hold and a consensus price target of C$53.28.

Read Our Latest Analysis on AIF

Altus Group Stock Performance

Shares of TSE AIF opened at C$49.83 on Thursday. The business has a fifty day simple moving average of C$50.50 and a 200 day simple moving average of C$46.28. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. The firm has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 226.50, a PEG ratio of 0.96 and a beta of 0.78. Altus Group has a one year low of C$35.29 and a one year high of C$58.00.

Altus Group (TSE:AIFGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. Altus Group had a return on equity of 1.70% and a net margin of 1.32%. The firm had revenue of C$191.57 million for the quarter, compared to analysts’ expectations of C$192.55 million. Sell-side analysts expect that Altus Group will post 2.0527987 EPS for the current year.

Altus Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Altus Group’s payout ratio is presently 272.73%.

Insider Transactions at Altus Group

In other news, Director Alex Probyn sold 11,087 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total transaction of C$574,750.08. Company insiders own 0.07% of the company’s stock.

Altus Group Company Profile

(Get Free Report)

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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