Altus Group (TSE:AIF) Price Target Raised to C$56.00 at Royal Bank of Canada

Altus Group (TSE:AIF) had its price objective upped by Royal Bank of Canada from C$55.00 to C$56.00 in a report published on Friday,BayStreet.CA reports.

Several other brokerages also recently weighed in on AIF. National Bankshares upped their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Cormark reduced their target price on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a report on Friday, August 9th. Scotiabank dropped their target price on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets decreased their price target on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Finally, TD Securities reduced their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$56.22.

Altus Group Trading Up 4.6 %

Shares of TSE:AIF traded up C$2.49 during trading on Friday, reaching C$56.61. The stock had a trading volume of 321,700 shares, compared to its average volume of 71,570. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm’s fifty day moving average is C$54.02 and its 200 day moving average is C$52.12. The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 943.50, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group has a 52 week low of C$35.29 and a 52 week high of C$59.60.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.23. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. The company had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. As a group, equities analysts forecast that Altus Group will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, December 31st. Altus Group’s payout ratio is presently 1,000.00%.

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan acquired 500 shares of Altus Group stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of C$54.48 per share, with a total value of C$27,240.00. In other Altus Group news, Director William Brennan acquired 500 shares of Altus Group stock in a transaction on Tuesday, September 24th. The shares were purchased at an average cost of C$54.48 per share, with a total value of C$27,240.00. Also, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. 4.05% of the stock is owned by corporate insiders.

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.