Altus Group (TSE:AIF) PT Raised to C$55.00 at National Bankshares

Altus Group (TSE:AIF) had its price target upped by analysts at National Bankshares from C$50.00 to C$55.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 10.38% from the stock’s current price.

Several other analysts have also issued reports on AIF. Canaccord Genuity Group reduced their price target on shares of 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. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating in a research report on Friday, February 23rd. TD Securities raised their target price on shares of Altus Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets raised their target price on shares of 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. Finally, CIBC raised their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Altus Group has an average rating of “Hold” and an average price target of C$53.28.

Altus Group Stock Performance

TSE AIF opened at C$49.83 on Thursday. 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 P/E/G ratio of 0.96 and a beta of 0.78. The firm’s 50 day simple moving average is C$50.50 and its 200 day simple moving average is C$46.30. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$58.00.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.42 by C$0.04. The business had revenue of C$191.57 million for the quarter, compared to analyst estimates of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. As a group, research analysts expect that Altus Group will post 2.0527987 earnings per share for the current fiscal year.

Insider Transactions at Altus Group

In other news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 0.07% of the stock is owned by company insiders.

About Altus Group

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.