FY2018 EPS Estimates for Altus Group Ltd Increased by Analyst (AIF)
Altus Group Ltd (TSE:AIF) – National Bank Financial lifted their FY2018 earnings estimates for Altus Group in a research report issued to clients and investors on Thursday. National Bank Financial analyst R. Tse now expects that the company will earn $1.68 per share for the year, up from their previous forecast of $1.64. National Bank Financial has a “Outperform” rating and a $43.00 price target on the stock.
A number of other research firms also recently weighed in on AIF. CIBC raised their price target on shares of Altus Group from C$28.00 to C$32.00 in a report on Friday. TD Securities raised their price target on shares of Altus Group from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets lifted their target price on shares of Altus Group from C$37.00 to C$43.00 in a research report on Friday. Canaccord Genuity lifted their target price on shares of Altus Group from C$36.00 to C$39.00 in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada boosted their price target on shares of Altus Group from C$36.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Altus Group presently has a consensus rating of “Buy” and an average price target of C$39.67.
Shares of Altus Group (TSE:AIF) traded down C$0.22 during trading hours on Monday, hitting C$36.05. 43,717 shares of the company’s stock were exchanged, compared to its average volume of 162,409. Altus Group has a 52 week low of C$25.25 and a 52 week high of C$37.89.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, September 28th.
In other Altus Group news, insider Edward Charles Orlik sold 2,500 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of C$31.88, for a total transaction of C$79,700.00.
Altus Group Company Profile
Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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