Altus Group (TSE:AIF) Stock Gets Price Target Boost from National Bank Financial

Altus Group (TSE:AIF) had its price target lifted by analysts at National Bank Financial from C$50.00 to C$55.00 in a report released on Wednesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 12.08% from the company’s current price.

A number of other equities analysts have also recently issued reports on AIF. ATB Cormark Capital Markets increased their target price on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets boosted their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Altus Group currently has a consensus rating of “Hold” and a consensus target price of C$56.26.

Altus Group Price Performance

AIF traded up C$0.76 during midday trading on Wednesday, reaching C$49.07. 77,495 shares of the company’s stock were exchanged, compared to its average volume of 196,770. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -119.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.40. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. Altus Group has a one year low of C$36.97 and a one year high of C$59.03. The business has a 50-day simple moving average of C$46.48 and a two-hundred day simple moving average of C$46.03.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%. The company had revenue of C$112.67 million for the quarter. As a group, research analysts predict that Altus Group will post 1.73 EPS for the current year.

Insider Transactions at Altus Group

In other news, Director Michael Gordon acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average cost of C$44.36 per share, with a total value of C$221,800.00. Following the completion of the purchase, the director owned 46,940 shares of the company’s stock, valued at C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. Also, Director William Brennan acquired 15,265 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the acquisition, the director owned 3,558,335 shares of the company’s stock, valued at approximately C$162,010,992.55. This represents a 0.43% increase in their position. Over the last 90 days, insiders acquired 63,208 shares of company stock worth $2,865,356. Company 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.