BMO Capital Markets Lowers Altus Group (TSE:AIF) Price Target to C$55.00

Altus Group (TSE:AIF) had its price objective decreased by stock analysts at BMO Capital Markets from C$59.00 to C$55.00 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 7.84% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Scotiabank reduced their price target on shares of Altus Group from C$59.00 to C$51.00 in a report on Friday. CIBC upped their target price on Altus Group from C$53.00 to C$54.00 in a research report on Wednesday, July 10th. Cormark cut their target price on Altus Group from C$63.00 to C$56.00 in a report on Friday. Eight Capital boosted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada raised their price objective on shares of Altus Group from C$52.00 to C$55.00 in a research note on Friday. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$56.33.

Altus Group Trading Down 7.1 %

AIF traded down C$3.90 during trading on Friday, reaching C$51.00. 306,119 shares of the stock traded hands, compared to its average volume of 76,763. The stock’s 50-day moving average is C$51.96 and its 200 day moving average is C$50.22. Altus Group has a 12 month low of C$35.29 and a 12 month high of C$59.60. 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 stock has a market capitalization of C$2.33 billion, a PE ratio of 188.89, a P/E/G ratio of 0.96 and a beta of 0.79.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.23. The firm 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%. Equities analysts anticipate 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.