Altus Group (TSE:AIF) Price Target Cut to C$63.00

Altus Group (TSE:AIF) had its target price cut by TD Securities from C$65.00 to C$63.00 in a report issued on Friday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 23.53% from the company’s current price.

Several other research analysts also recently commented on the company. BMO Capital Markets set a C$59.00 price objective on Altus Group in a research note on Wednesday, July 10th. Canaccord Genuity Group decreased their target price on shares of Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. Cormark upped their price target on shares of Altus Group from C$60.00 to C$63.00 in a research report on Wednesday, July 10th. Eight Capital raised their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research report on Wednesday, July 10th. Finally, Scotiabank upped their target price on shares of Altus Group from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average target price of C$56.33.

Altus Group Stock Performance

Shares of AIF stock traded down C$3.90 on Friday, reaching C$51.00. The stock had a trading volume of 306,119 shares, compared to its average volume of 76,763. The company has a debt-to-equity ratio of 62.20, a quick ratio of 1.30 and a current ratio of 1.50. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$59.60. The stock has a market cap of C$2.33 billion, a P/E ratio of 188.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The company has a 50 day simple moving average of C$51.96 and a 200 day simple moving average of C$50.22.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The business had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. Altus Group had a net margin of 1.60% and a return on equity of 2.06%. Equities research analysts expect that Altus Group will post 1.9806823 EPS for the current year.

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.