Altus Group (TSE: AIF) Receives New CAD $ 80.00 Price Target at BMO Capital Markets

Altus Group (TSE: AIF) had its price target raised by investment analysts at BMO Capital Markets from C $ 73.00 to C $ 80.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets price target suggests a potential rise of 12.49% from the security’s previous close.

A number of other research companies have also recently published reports on AIFs. Canaccord Genuity increased its price target on Altus Group from C $ 70.00 to C $ 74.00 in a report released on Friday, November 12. TD Securities raised its price target on Altus Group from C $ 70.00 to C $ 75 and assigned the company a “buy” rating in a research note on Friday, November 12. Cormark raised its price target on Altus Group from C $ 68.00 to C $ 72.50 and assigned the company a “market performance” rating in a research note on Friday, November 12. Royal Bank of Canada raised its price target on Altus Group from C $ 68.00 to C $ 78.00 and gave the company an “outperformance” rating in a research report released on Friday, November 12. Finally, CIBC raised its price target on Altus Group from C $ 63.00 to C $ 73.00 in a report released Friday. Two analysts rated the stock with a conservation rating and six gave the company’s stock a buy rating. Based on data from, the stock currently has a consensus rating of “Buy” and a consensus target price of C $ 68.50.

AIF traded at C $ 2.89 on Friday, reaching C $ 71.12. 128,254 shares were traded, for an average volume of 88,159. Altus Group has a 12-month low of CA $ 47.57 and a 12-month high of CA $ 71.64. The company has a 50-day moving average of C $ 64.20 and a 200-day moving average of C $ 61.72. The company has a debt to equity ratio of 76.35, a current ratio of 1.62, and a quick ratio of 1.59. The company has a market capitalization of C $ 3.13 billion and a price / earnings ratio of 128.29.

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Altus Group (TSE: AIF) last released its quarterly profit data on Thursday, November 11. The company reported earnings per share (EPS) of C $ 0.39 for the quarter, beating Thomson Reuters’ consensus estimate of C $ 0.28 by C $ 0.11. The company posted sales of C $ 151.80 million in the quarter, compared to analysts’ estimates of C $ 147.60 million. Equity research analysts predict that Altus Group will post 2 earnings per share for the current fiscal 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 Asia-Pacific. It operates through the Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise (AE) software for CRE assessment and portfolio management; ARGUS Developer and ARGUS EstateMaster software for development feasibility analysis; ARGUS API, an application programming interface; ARGUS Voyanta, a cloud-based data management solution; ARGUS Taliance, a cloud-based fund solution for alternative investment firms; and ARGUS Acquire, a cloud-based transaction management solution for CRE acquisitions.

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Analyst Recommendations for Altus Group (TSE: AIF)

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