ATB Cormark Capital Markets Issues Positive Forecast for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price objective boosted by analysts at ATB Cormark Capital Markets from C$56.00 to C$57.10 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 9.85% from the company’s current price.

AIF has been the subject of a number of other reports. National Bank Financial increased their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets upped their price objective on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$55.64.

Altus Group Stock Performance

Shares of Altus Group stock traded up C$6.41 on Friday, reaching C$51.98. 253,085 shares of the stock were exchanged, compared to its average volume of 220,389. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. The business has a fifty day moving average price of C$45.58 and a two-hundred day moving average price of C$45.52. The firm has a market capitalization of C$1.86 billion, a PE ratio of -2,599.00, a PEG 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 EPS 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 anticipate that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William Brennan bought 106,515 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the completion of the acquisition, the director owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. This represents a 3.16% increase in their position. Insiders have bought 190,392 shares of company stock worth $8,052,187 in the last quarter. Corporate insiders own 4.05% of the company’s stock.

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.