Altus Group (TSE:AIF) Price Target Raised to C$55.00 at National Bankshares

Altus Group (TSE:AIF - Get Free Report) had its price objective hoisted by National Bankshares from C$50.00 to C$55.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price objective suggests a potential upside of 6.84% from the company's current price.

Several other equities research analysts also recently issued reports on the stock. CIBC boosted their price objective on shares of Altus Group from C$51.50 to C$52.50 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. Canaccord Genuity Group decreased their price objective on shares of Altus Group from C$63.00 to C$59.00 and set a "buy" rating for the company in a research note on Monday, January 29th. TD Securities boosted their price objective on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Cormark upgraded shares of Altus Group from a "market perform" rating to a "buy" rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a "market perform" rating in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$53.28.

Altus Group Trading Down 0.4 %

Altus Group stock traded down C$0.19 during trading on Thursday, reaching C$51.48. The company had a trading volume of 146,437 shares, compared to its average volume of 78,775. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$58.60. The stock's 50 day moving average price is C$50.42 and its two-hundred day moving average price is C$46.28. The firm has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 234.00, a PEG ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 59.01, a quick ratio of 1.30 and a current ratio of 1.39.

Altus Group (TSE:AIF - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.42 by C$0.04. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. The firm had revenue of C$191.57 million during the quarter, compared to the consensus estimate of C$192.55 million. As a group, equities analysts expect that Altus Group will post 2.0527987 earnings per share for the current fiscal year.

Insider Activity at Altus Group

In related news, Director Alex Probyn sold 11,087 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value of C$574,750.08. 0.07% of the stock is currently owned by corporate insiders.

About Altus Group

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.