Altus Group (TSE:AIF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Altus Group (TSE:AIF) had its target price hoisted by analysts at Royal Bank of Canada from C$55.00 to C$56.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential downside of 1.08% from the stock’s current price.

AIF has been the subject of several other research reports. Scotiabank lowered their target price on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 9th. BMO Capital Markets dropped their target price on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. National Bankshares increased their price target on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. TD Securities decreased their price target on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Cormark cut their price objective 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. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$56.22.

Altus Group Price Performance

TSE:AIF opened at C$56.61 on Friday. The firm 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. 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 simple moving average of C$54.02 and a 200-day simple moving average of C$52.12. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$59.60.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$206.71 million during the quarter, compared to the consensus estimate of C$132.50 million. Equities analysts forecast that Altus Group will post 1.7263823 EPS for the current year.

Insider Buying and Selling

In related news, Director William Brennan sold 18,551 shares of the business’s stock in a transaction that occurred 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. In other Altus Group news, Director William Brennan sold 18,551 shares of the business’s stock in a transaction dated 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. Also, Senior Officer Kimberly Carter sold 1,100 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. 4.05% of the stock is owned by insiders.

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.