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

Altus Group (TSE:AIF) had its price objective increased by research analysts at Cormark from C$60.00 to C$63.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 13.72% from the stock’s current price.

AIF has been the topic of several other reports. TD Securities lifted their price target on Altus Group from C$55.00 to C$65.00 in a research report on Wednesday. Eight Capital lifted their target price on Altus Group from C$50.00 to C$55.00 in a report on Wednesday. CIBC upped their price target on shares of Altus Group from C$53.00 to C$54.00 in a report on Wednesday. National Bankshares raised their price objective on shares of Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Finally, Canaccord Genuity Group dropped their target price on shares of Altus Group from C$66.00 to C$63.00 in a report on Wednesday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Altus Group presently has an average rating of “Hold” and a consensus target price of C$57.67.

Altus Group Price Performance

AIF stock traded down C$0.06 during trading on Wednesday, hitting C$55.40. The company had a trading volume of 126,018 shares, compared to its average volume of 75,181. The firm has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 205.19, a P/E/G ratio of 0.96 and a beta of 0.79. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 62.20. The business has a 50 day moving average of C$48.79 and a 200 day moving average of C$48.32. Altus Group has a fifty-two week low of C$35.29 and a fifty-two week high of C$55.93.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). Altus Group had a return on equity of 2.06% and a net margin of 1.60%. The company had revenue of C$199.54 million during the quarter, compared to analyst estimates of C$198.85 million. As a group, research analysts predict that Altus Group will post 1.9806823 earnings per share 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.