Altus Group (TSE:AIF) Given New C$38.00 Price Target at BMO Capital Markets

Altus Group (TSE:AIF) had its price objective lifted by BMO Capital Markets from C$33.00 to C$38.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other research analysts also recently issued reports on AIF. Cormark downgraded shares of Altus Group from a buy rating to a market perform rating in a research report on Friday. Canaccord Genuity boosted their price objective on shares of Altus Group from C$33.00 to C$34.00 in a research report on Thursday, June 27th. National Bank Financial boosted their price objective on shares of Altus Group from C$35.00 to C$40.00 and gave the company an outperform rating in a research report on Friday. CIBC boosted their price objective on shares of Altus Group from C$23.00 to C$26.00 in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada boosted their price objective on shares of 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 assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$36.00.

Altus Group stock traded up C$3.00 during mid-day trading on Friday, reaching C$37.50. 377,300 shares of the company traded hands, compared to its average volume of 80,300. The company has a debt-to-equity ratio of 63.73, a current ratio of 1.77 and a quick ratio of 1.76. The stock’s 50 day moving average price is C$32.99. The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of -87.41. Altus Group has a 52-week low of C$21.67 and a 52-week high of C$38.74.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.23. The company had revenue of C$128.00 million for the quarter, compared to analysts’ expectations of C$126.33 million. As a group, analysts anticipate that Altus Group will post 1.5700001 EPS for the current fiscal year.

In other news, Senior Officer Niall Mcsweeney sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$29.55, for a total value of C$59,102.00. Following the sale, 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.

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