BMO Capital Markets Reiterates “C$59.00” Price Target for Altus Group (TSE:AIF)

BMO Capital Markets set a C$59.00 price objective on Altus Group (TSE:AIF) in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other equities analysts have also recently weighed in on AIF. CIBC raised their price objective on Altus Group from C$51.00 to C$53.00 and gave the company a neutral rating in a research note on Tuesday, May 21st. TD Securities dropped their price objective on Altus Group from C$59.00 to C$55.00 and set a buy rating on the stock in a research note on Tuesday, May 21st. National Bankshares raised their price objective on Altus Group from C$50.00 to C$55.00 and gave the company a sector perform rating in a research note on Thursday, April 18th. Finally, Scotiabank raised their price objective on Altus Group from C$49.00 to C$53.00 and gave the company a sector perform rating in a research note on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$57.67.

Altus Group Stock Performance

Shares of AIF stock opened at C$54.39 on Wednesday. The company has a market cap of C$2.49 billion, a price-to-earnings ratio of 201.44, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. Altus Group has a 52 week low of C$35.29 and a 52 week high of C$55.93. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 62.20. The firm has a 50 day moving average of C$49.06 and a 200-day moving average of C$48.48.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share (EPS) 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 firm had revenue of C$199.54 million during the quarter, compared to the consensus estimate of C$198.85 million. On average, equities analysts forecast that Altus Group will post 1.9806823 earnings per share for the current year.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, June 28th. Altus Group’s dividend payout ratio (DPR) is presently 222.22%.

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.