BMO Capital Markets Cuts Altus Group (TSE:AIF) Price Target to C$48.00

Altus Group (TSE:AIF) had its price target lowered by BMO Capital Markets from C$61.00 to C$48.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

A number of other brokerages also recently issued reports on AIF. National Bank Financial downgraded shares of Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and lifted their target price for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. Scotiabank decreased their price target on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. Finally, TD Securities decreased their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$57.14.

Altus Group Price Performance

Shares of TSE AIF opened at C$42.85 on Friday. The firm has a market cap of C$1.73 billion, a PE ratio of 4.79, a PEG ratio of 0.96 and a beta of 0.49. The firm has a fifty day moving average of C$50.12 and a 200 day moving average of C$54.84. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. Altus Group has a one year low of C$36.97 and a one year high of C$63.07.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 EPS for the quarter. The firm had revenue of C$108.96 million during the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%. As a group, research analysts predict that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insider Activity at Altus Group

In other news, Director William Brennan acquired 1,146 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of C$56.20 per share, with a total value of C$64,405.20. Following the completion of the acquisition, the director owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. The trade was a 0.05% increase in their ownership of the stock. Insiders bought a total of 142,116 shares of company stock worth $7,683,423 in the last 90 days. 4.05% of the stock is currently owned by insiders.

Altus Group Company Profile

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.