ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Altus Group (TSE:AIF) Stock

Altus Group (TSE:AIF) had its price target increased by research analysts at ATB Cormark Capital Markets from C$54.00 to C$58.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 15.08% from the stock’s current price.

AIF has been the topic of several other research reports. Royal Bank Of Canada cut their price target on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. TD Securities cut their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, BMO Capital Markets lifted their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Altus Group currently has a consensus rating of “Hold” and a consensus price target of C$56.50.

Altus Group Stock Up 1.1%

AIF stock traded up C$0.55 during trading on Friday, hitting C$50.40. 210,323 shares of the company’s stock were exchanged, compared to its average volume of 261,017. The business has a 50-day moving average price of C$45.59 and a two-hundred day moving average price of C$51.44. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 5.96, a PEG ratio of 0.96 and a beta of 0.55. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company has a current ratio of 1.03, a quick ratio of 1.30 and a debt-to-equity ratio of 48.84.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$108.96 million during the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%. As a group, equities research analysts expect that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.