Altus Group Ltd to Post Q3 2016 Earnings of $0.26 Per Share, National Bank Financial Forecasts (AIF)
Altus Group Ltd (TSE:AIF) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share estimates for Altus Group in a note issued to investors on Monday. National Bank Financial analyst R. Tse forecasts that the firm will earn $0.26 per share for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Altus Group’s Q4 2016 earnings at $0.39 EPS, FY2016 earnings at $1.12 EPS and FY2017 earnings at $1.41 EPS.
Several other research analysts have also recently commented on AIF. TD Securities initiated coverage on Altus Group in a research report on Friday, July 15th. They set a “buy” rating and a C$28.00 price target for the company. BMO Capital Markets increased their price target on Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, August 12th. Canaccord Genuity increased their price target on Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Finally, CIBC increased their price target on Altus Group from C$20.00 to C$24.25 in a research report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Altus Group currently has an average rating of “Buy” and an average price target of C$26.45.
Shares of Altus Group (TSE:AIF) opened at 29.53 on Thursday. The stock’s 50 day moving average price is $27.72 and its 200 day moving average price is $23.27. Altus Group has a one year low of $16.90 and a one year high of $29.61. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 65.48.
In other Altus Group news, insider Jim Derbyshire sold 10,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$29.10, for a total value of C$317,190.00.
Altus Group Company Profile
Altus Group Limited is a Canada-based provider of independent advisory services, software and data solutions to the commercial real estate industry. The Company’s five core practices include: Research, Valuation and Advisory (RVA), ARGUS Software (AS), Property Tax Consulting (PTC), Cost Consulting and Project Management (CCPM) and Geomatics.
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