Altus Group (TSE:AIF) Given New C$51.00 Price Target at CIBC

Altus Group (TSE:AIF) had its price objective trimmed by CIBC from C$52.50 to C$51.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. National Bankshares increased their target price on Altus Group from C$50.00 to C$55.00 and gave the company a sector perform rating in a report on Thursday, April 18th. BMO Capital Markets boosted their target price on shares of Altus Group from C$48.00 to C$51.00 and gave the company a market perform rating in a research report on Friday, February 23rd. Cormark upgraded shares of Altus Group from a market perform rating to a buy rating in a research report on Friday, February 23rd. Scotiabank boosted their price objective on shares of Altus Group from C$48.00 to C$50.00 and gave the company a sector perform rating in a research report on Wednesday, January 31st. Finally, TD Securities raised their target price on Altus Group from C$52.00 to C$56.00 and gave the stock a buy rating in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of C$53.11.

Altus Group Stock Down 2.8 %

AIF opened at C$49.35 on Friday. The stock has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 224.32, a PEG ratio of 0.96 and a beta of 0.78. The firm has a 50 day moving average price of C$51.27 and a 200-day moving average price of C$46.44. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$54.18. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 59.01.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. The business had revenue of C$191.57 million during the quarter, compared to analyst estimates of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. Equities research analysts forecast that Altus Group will post 2.0611995 earnings per share for the current year.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 28th. Altus Group’s dividend payout ratio (DPR) is 272.73%.

Insider Buying and Selling

In other news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 4.05% of the stock is owned by insiders.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.