Altus Group (TSE:AIF) Given New C$50.00 Price Target at National Bank Financial

Altus Group (TSE:AIFFree Report) had its target price upped by National Bank Financial from C$41.00 to C$50.00 in a research report released on Friday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. ATB Cormark Capital Markets lifted their target price on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$55.64.

Read Our Latest Report on AIF

Altus Group Trading Up 15.1%

TSE:AIF opened at C$52.43 on Friday. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company has a market cap of C$1.88 billion, a PE ratio of -2,621.50, a PEG ratio of 0.96 and a beta of 0.29. The firm has a 50-day moving average of C$45.78 and a 200-day moving average of C$45.57.

Altus Group (TSE:AIFGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The business had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. As a group, equities research analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

Altus Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.1%. Altus Group’s payout ratio is -3,000.00%.

Insiders Place Their Bets

In other news, Director William Brennan acquired 106,515 shares of Altus Group stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the transaction, the director owned 3,479,874 shares of the company’s stock, valued at approximately C$148,938,607.20. This trade represents a 3.16% increase in their position. Insiders have bought 190,392 shares of company stock worth $8,052,187 in the last 90 days. 4.05% of the stock is currently owned by insiders.

Altus Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Altus Group (TSE:AIF)

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