Altus Group (TSE:AIF – Free Report) The price target was cut by Scotiabank from CAD 59.00 to CAD 51.00 in a report published Friday morning, BayStreet.CA reports.
Several other equities analysts have also issued reports on AIF. TD Securities lowered their price target on shares of Altus Group from C$65.00 to C$63.00 in a report on Friday. Canaccord Genuity Group lowered their price target on shares of Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10. Eight Capital increased their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10. Cormark increased their price target on shares of Altus Group from C$60.00 to C$63.00 in a report on Wednesday, July 10. Finally, BMO Capital Markets set a C$59.00 price target on shares of Altus Group in a research report on Wednesday, July 10. Six analysts have rated the stock with a hold rating and three have given a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of CAD $56.33.
Check out our latest research report on AIF
Share price development of the Altus Group
Altus Group stock opened at CAD$51.00 on Friday. The stock’s 50-day moving average is CAD$51.96 and its 200-day moving average is CAD$50.27. Altus Group has a one year low of CAD$35.29 and a one year high of CAD$59.60. The company has a market cap of CAD$2.35 billion, a P/E ratio of 850.00, a PEG ratio of 0.96 and a beta of 0.79. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.
Altus Group (TSE:AIF – Get Free Report) last released its quarterly earnings results on Thursday, August 8. The company reported earnings per share (EPS) of CAD$0.45 for the quarter, beating the consensus estimate of CAD$0.22 by CAD$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The company had revenue of CAD$206.71 million during the quarter, compared to analyst estimates of CAD$132.50 million. As a group, research analysts expect that Altus Group will report earnings per share of CAD$1.8973214 for the current year.
Dividend announcement by Altus Group
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will receive a dividend of $0.15. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, September 30th. Altus Group’s dividend payout ratio is currently 1,000.00%.
Company profile of Altus Group
(Get free report)
Altus Group Limited provides commercial real estate (CRE) asset and funds intelligence solutions. The company operates through Analytics, Property Tax and Appraisals and Development Advisory segments. The Analytics segment’s portfolio includes software, data analytics, market data and advisory services; CRE asset and fund management services; ARGUS, Finance Active Branded debt management and valuation management solutions; technology advisory services, such as strategic advice on front-to-back office strategies, processes and technology; and software services related to education, training and implementation.
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