Altus Group (TSE:AIF) Cut to Market Perform at Cormark

Altus Group (TSE:AIF) was downgraded by stock analysts at Cormark from a “buy” rating to a “market perform” rating in a report issued on Friday, BayStreet.CA reports.

AIF has been the topic of several other reports. CIBC upped their price target on Altus Group from C$23.00 to C$26.00 in a research report on Wednesday, June 19th. BMO Capital Markets upped their price target on Altus Group from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. National Bank Financial upped their price target on Altus Group from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity upped their price target on Altus Group from C$33.00 to C$34.00 in a research report on Thursday, June 27th. Finally, Royal Bank of Canada upped their price target on Altus Group from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$36.00.

TSE:AIF traded up C$2.69 during trading hours on Friday, hitting C$37.19. 273,541 shares of the company’s stock traded hands, compared to its average volume of 79,593. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of -86.69. Altus Group has a twelve month low of C$21.67 and a twelve month high of C$38.74. The company has a debt-to-equity ratio of 63.73, a quick ratio of 1.76 and a current ratio of 1.77. The stock has a fifty day moving average price of C$32.89.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, meeting the consensus estimate of C$0.23. The business had revenue of C$128.00 million for the quarter, compared to analyst estimates of C$126.33 million. As a group, research analysts predict that Altus Group will post 1.5700001 EPS for the current year.

In other Altus Group news, Senior Officer Niall Mcsweeney sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$29.55, for a total value of C$59,102.00. Following the transaction, the insider now directly owns 33,866 shares of the company’s stock, valued at approximately C$1,000,774.17.

About Altus Group

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

Recommended Story: Bond

Analyst Recommendations for Altus Group (TSE:AIF)

Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.