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

Altus Group (TSE:AIF) had its price target hoisted by equities researchers at BMO Capital Markets from C$48.00 to C$54.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 6.82% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. TD Securities decreased their target price on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$56.29.

Altus Group Stock Performance

TSE AIF traded down C$0.01 during trading hours on Thursday, hitting C$50.55. The company had a trading volume of 116,586 shares, compared to its average volume of 258,966. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The company has a market cap of C$2.01 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.96 and a beta of 0.55. The business has a 50 day moving average of C$45.41 and a 200-day moving average of C$51.45. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. Altus Group had a net margin of 69.98% and a return on equity of 49.43%. The business had revenue of C$108.96 million during the quarter. 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.