National Bankshares Boosts Altus Group (TSE:AIF) Price Target to C$55.00

Altus Group (TSE:AIF) had its price objective increased by National Bankshares from C$50.00 to C$55.00 in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group cut their price target on shares of Altus Group from C$63.00 to C$59.00 and set a buy rating on the stock in a report on Monday, January 29th. Cormark raised shares of Altus Group from a market perform rating to a buy rating in a report on Friday, February 23rd. TD Securities increased their target price on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a buy rating in a report on Friday, February 23rd. CIBC increased their target price on shares of Altus Group from C$51.50 to C$52.50 and gave the stock a neutral rating in a report on Friday, February 23rd. Finally, BMO Capital Markets increased their target price on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a market perform rating in a report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of C$53.28.

Altus Group Price Performance

Shares of AIF stock opened at C$49.83 on Thursday. The company has a market capitalization of C$2.27 billion, a PE ratio of 226.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The firm has a fifty day simple moving average of C$50.50 and a 200-day simple moving average of C$46.29. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$58.00.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.04. The firm had revenue of C$191.57 million for the quarter, compared to analysts’ expectations 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 anticipate that Altus Group will post 2.0527987 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. Altus Group’s dividend payout ratio (DPR) is presently 272.73%.

Insider Buying and Selling

In related news, Director Alex Probyn sold 11,087 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value of C$574,750.08. Corporate insiders own 0.07% of the company’s stock.

About Altus Group

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.