TD Securities Raises Altus Group (TSE:AIF) Price Target to C$41.00

Altus Group (TSE:AIF) had its price objective increased by TD Securities from C$39.00 to C$41.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Altus Group from C$38.00 to C$40.00 in a research report on Friday. Cormark downgraded shares of Altus Group from a buy rating to a market perform rating in a research report on Friday, August 9th. Canaccord Genuity boosted their price objective on shares of Altus Group from C$40.00 to C$44.00 in a research report on Friday. National Bank Financial downgraded shares of Altus Group from an outperform rating to a sector perform rating and set a C$40.00 price objective for the company. in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Altus Group from C$39.00 to C$44.00 and gave the company an outperform rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$39.83.

Shares of Altus Group stock traded down C$2.65 during trading on Friday, reaching C$34.16. The company had a trading volume of 299,700 shares, compared to its average volume of 84,527. The company has a market cap of $1.44 billion and a price-to-earnings ratio of -367.31. The firm’s fifty day moving average is C$38.05 and its 200-day moving average is C$34.25. The company has a debt-to-equity ratio of 64.50, a quick ratio of 0.85 and a current ratio of 0.86. Altus Group has a fifty-two week low of C$21.67 and a fifty-two week high of C$40.29.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.17. The company had revenue of C$153.65 million during the quarter, compared to analyst estimates of C$147.25 million. On average, research analysts anticipate that Altus Group will post 1.5700001 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, September 27th. Altus Group’s dividend payout ratio is presently -645.16%.

In other Altus Group news, Director Robert G. Courteau sold 41,250 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$37.87, for a total value of C$1,562,050.88. Following the completion of the transaction, the director now owns 143,423 shares in the company, valued at approximately C$5,431,127.82. Also, Director Alex Probyn sold 8,488 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$38.15, for a total transaction of C$323,817.20. Following the completion of the transaction, the director now owns 33,107 shares of the company’s stock, valued at approximately C$1,263,032.05.

Altus Group Company Profile

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

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Analyst Recommendations for Altus Group (TSE:AIF)

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