Altus Group (TSE:AIF – Get Free Report) 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.
Get Our Latest Analysis on Altus Group
Altus Group Trading Down 7.1 %
Altus Group (TSE:AIF – Get Free Report) 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.
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