Altus Group (TSE:AIF) Price Target Lowered to C$45.00 at National Bank Financial

Altus Group (TSE:AIF) had its price objective lowered by research analysts at National Bank Financial from C$52.00 to C$45.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 4.12% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. TD Securities reduced their price objective on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Royal Bank Of Canada reduced their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Altus Group has a consensus rating of “Hold” and a consensus price target of C$55.63.

Altus Group Stock Performance

Shares of Altus Group stock traded up C$0.11 on Wednesday, reaching C$43.22. The stock had a trading volume of 92,560 shares, compared to its average volume of 250,275. The business’s 50-day moving average price is C$46.11 and its two-hundred day moving average price is C$48.78. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The stock has a market cap of C$1.55 billion, a P/E ratio of -2,161.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 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 business had revenue of C$108.24 million during the quarter. On average, sell-side analysts forecast that Altus Group will post 1.7263823 EPS for the current year.

Insider Buying and Selling

In related news, Director William Brennan bought 106,515 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the purchase, the director directly owned 3,479,874 shares in the company, valued at C$148,938,607.20. This trade represents a 3.16% increase in their ownership of the stock. In the last ninety days, insiders have acquired 173,059 shares of company stock worth $7,304,338. 4.05% of the stock is owned by corporate 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.