Altus Group (TSE:AIF) Price Target Lowered to C$55.00 at TD Securities

Altus Group (TSE:AIF) had its price objective dropped by stock analysts at TD Securities from C$67.00 to C$55.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 23.01% from the stock’s current price.

A number of other research analysts also recently commented on the company. BMO Capital Markets dropped their price target on Altus Group from C$61.00 to C$48.00 and set a “market perform” rating for the company in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce increased their price target on shares of Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. National Bank Financial cut Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Scotiabank decreased their price target on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Finally, Cormark raised Altus Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$55.43.

Altus Group Trading Up 2.8%

Altus Group stock traded up C$1.23 during mid-day trading on Wednesday, hitting C$44.71. 153,268 shares of the company’s stock were exchanged, compared to its average volume of 266,337. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 5.00, a PEG ratio of 0.96 and a beta of 0.49. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The company’s 50 day simple moving average is C$49.67 and its 200-day simple moving average is C$54.71.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. The business 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%. On average, equities analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William Brennan purchased 1,146 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were acquired at an average cost of C$56.20 per share, with a total value of C$64,405.20. Following the purchase, the director owned 2,534,757 shares in the company, valued at C$142,453,343.40. This represents a 0.05% increase in their ownership of the stock. Over the last three months, insiders bought 4,846 shares of company stock valued at $265,940. Insiders own 4.05% of the company’s stock.

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.