Altus Group (TSE:AIF) Price Target Raised to C$55.00 at Royal Bank of Canada

Altus Group (TSE:AIF) had its target price hoisted by Royal Bank of Canada from C$52.00 to C$55.00 in a research report sent to investors on Friday, BayStreet.CA reports.

AIF has been the topic of several other research reports. BMO Capital Markets set a C$59.00 price objective on Altus Group in a report on Wednesday, July 10th. Canaccord Genuity Group lowered their price target on Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. Scotiabank lowered their price target on Altus Group from C$59.00 to C$51.00 in a report on Friday. CIBC raised their price target on Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. Finally, Cormark raised their price target on Altus Group from C$60.00 to C$63.00 in a report on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Altus Group presently has a consensus rating of Hold and a consensus price target of C$56.33.

Altus Group Stock Down 7.1 %

TSE:AIF traded down C$3.90 during trading hours on Friday, hitting C$51.00. The company’s stock had a trading volume of 306,119 shares, compared to its average volume of 76,763. The stock has a market capitalization of C$2.33 billion, a P/E ratio of 188.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The stock has a fifty day moving average of C$51.96 and a 200-day moving average of C$50.22. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 62.20. 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 issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The company had revenue of C$206.71 million for the quarter, compared to analyst estimates of C$132.50 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. On average, equities analysts forecast that Altus Group will post 1.9806823 earnings per share for the current year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. Altus Group’s payout ratio is currently 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.