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 MarketBeat.com, 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.

(A d)

Regardless of your level of futures trading prowess, our technical analysis guide has something to help you be successful in today’s futures markets.

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.

See also: Trading Strategy Methods for Individual Investors

Analyst Recommendations for Altus Group (TSE: AIF)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Groupe Altus now?

Before you consider the Altus Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Altus Group was not on the list.

Although Altus Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here


Comments are closed.