Cormark Research Analysts Increase Earnings Estimates for Altus Group Ltd (TSE:AIF)
Altus Group Ltd (TSE:AIF) – Analysts at Cormark lifted their FY2017 earnings per share estimates for shares of Altus Group in a research note issued to investors on Thursday. Cormark analyst M. Macdougall now anticipates that the company will earn $1.39 per share for the year, up from their prior estimate of $1.30. Cormark also issued estimates for Altus Group’s FY2018 earnings at $1.65 EPS.
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Several other equities analysts have also recently issued reports on the stock. CIBC cut shares of Altus Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Canaccord Genuity lifted their price objective on shares of Altus Group from C$34.00 to C$36.00 in a research note on Thursday, August 3rd. TD Securities lifted their price objective on shares of Altus Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$33.00 to C$36.00 in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$33.67.
Shares of Altus Group (TSE AIF) opened at 31.64 on Monday. The stock has a market cap of $1.21 billion and a P/E ratio of 71.10. The firm has a 50 day moving average of $27.79 and a 200 day moving average of $29.59. Altus Group has a one year low of $22.83 and a one year high of $33.50.
In other Altus Group news, Director Alex Probyn sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of C$30.27, for a total value of C$272,430.00. Also, Director Raymond Mikulich bought 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was purchased at an average price of C$28.05 per share, with a total value of C$28,050.00. Over the last quarter, insiders acquired 4,000 shares of company stock valued at $117,750.
Altus Group Company Profile
Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate industry. Its Altus Analytics unit offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation and portfolio management; ARGUS Developer, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.
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