Altus Group (TSE:AIF) Price Target Increased to C$54.00 by Analysts at CIBC

Altus Group (TSE:AIF) had its price target increased by CIBC from C$53.00 to C$54.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

A number of other brokerages also recently weighed in on AIF. Scotiabank increased their price target on shares of Altus Group from C$49.00 to C$53.00 and gave the company a sector perform rating in a research report on Tuesday, May 21st. Canaccord Genuity Group cut their price target on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday. Eight Capital increased their price target on shares of Altus Group from C$50.00 to C$55.00 in a research report on Wednesday. TD Securities cut their price target on shares of Altus Group from C$59.00 to C$55.00 and set a buy rating on the stock in a research report on Tuesday, May 21st. Finally, BMO Capital Markets set a C$59.00 target price on shares of Altus Group in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$57.67.

Altus Group Stock Down 0.9 %

Shares of TSE AIF opened at C$54.39 on Wednesday. The firm has a market capitalization of C$2.49 billion, a PE ratio of 201.44, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 62.20. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$55.93. The firm’s 50-day moving average is C$49.06 and its 200-day moving average is C$48.48.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). The firm had revenue of C$199.54 million during the quarter, compared to analyst estimates of C$198.85 million. Altus Group had a net margin of 1.60% and a return on equity of 2.06%. Equities analysts expect that Altus Group will post 1.9806823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. Altus Group’s dividend payout ratio is presently 222.22%.

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.