National Bank Financial Issues Positive Forecast for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its target price lifted by equities research analysts at National Bank Financial from C$41.00 to C$50.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential downside of 3.81% from the company’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. ATB Cormark Capital Markets raised their price objective on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group currently has a consensus rating of “Hold” and an average price target of C$55.64.

Altus Group Price Performance

TSE AIF traded up C$6.41 on Friday, reaching C$51.98. 253,085 shares of the company’s stock traded hands, compared to its average volume of 220,389. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The stock has a 50-day simple moving average of C$45.58 and a 200 day simple moving average of C$45.52. The stock has a market cap of C$1.86 billion, a PE ratio of -2,599.00, a P/E/G ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The firm had revenue of C$112.67 million during the quarter. As a group, research analysts predict that Altus Group will post 1.7263823 earnings per share for the current year.

Insider Activity at Altus Group

In other news, Director William Brennan purchased 106,515 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the acquisition, the director directly owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. This represents a 3.16% increase in their position. Insiders have acquired 190,392 shares of company stock valued at $8,052,187 over the last quarter. 4.05% of the stock is owned by insiders.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.