Scotiabank Lowers Altus Group (TSE:AIF) to Sector Perform

Scotiabank cut shares of Altus Group (TSE:AIF) from an outperform rating to a sector perform rating in a research note published on Monday, BayStreet.CA reports. Scotiabank currently has C$42.00 price objective on the stock, down from their previous price objective of C$46.00.

Several other analysts also recently issued reports on the stock. National Bank Financial raised their price objective on shares of Altus Group from C$40.00 to C$45.00 and gave the stock a sector perform rating in a research note on Friday, February 21st. Canaccord Genuity raised their price objective on shares of Altus Group from C$44.00 to C$50.00 in a research note on Friday, February 21st. TD Securities raised their price objective on shares of Altus Group from C$47.00 to C$50.00 and gave the stock a buy rating in a research note on Friday, February 21st. Royal Bank of Canada lifted their price target on shares of Altus Group from C$44.00 to C$50.00 and gave the company an outperform rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price target on shares of Altus Group from C$42.00 to C$50.00 in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$45.29.

Shares of TSE AIF opened at C$38.16 on Monday. The company has a debt-to-equity ratio of 59.57, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $1.57 billion and a P/E ratio of 84.80. Altus Group has a 1 year low of C$25.23 and a 1 year high of C$48.77. The firm has a 50-day simple moving average of C$43.25 and a two-hundred day simple moving average of C$39.79.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, February 20th. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.35 by C$0.08. The firm had revenue of C$148.77 million during the quarter, compared to the consensus estimate of C$143.07 million. As a group, equities research analysts expect that Altus Group will post 1.85 EPS for the current year.

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.

Featured Story: Dow Jones Industrial Average (DJIA)

Analyst Recommendations for Altus Group (TSE:AIF)

Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.