National Bank Financial Lowers Altus Group (AIF) Price Target to C$35.00

Altus Group (TSE:AIF) had its price target lowered by National Bank Financial from C$43.00 to C$35.00 in a research report report published on Thursday. The firm currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on AIF. Royal Bank of Canada decreased their price objective on shares of Altus Group from C$38.00 to C$37.00 and set an outperform rating for the company in a report on Monday. CIBC raised their price objective on shares of Altus Group from C$30.00 to C$33.00 in a report on Monday, October 22nd.

Shares of AIF stock traded down C$1.07 on Thursday, hitting C$25.33. The stock had a trading volume of 141,461 shares, compared to its average volume of 85,889. The company has a current ratio of 2.19, a quick ratio of 2.02 and a debt-to-equity ratio of 50.95. Altus Group has a 12-month low of C$25.23 and a 12-month high of C$37.55.

Altus Group (TSE:AIF) last announced its earnings results on Tuesday, August 7th. The company reported C$0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The firm had revenue of C$134.22 million during the quarter, compared to analysts’ expectations of C$133.40 million. On average, sell-side analysts forecast that Altus Group will post 1.7299999554394 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. Altus Group’s dividend payout ratio (DPR) is presently 895.52%.

About Altus Group

Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate (CRE) industry. The company operates through Altus Analytics, CRE Consulting, and Geomatics segments. The Altus Analytics segment 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 feasibility analysis and assessments; ARGUS EstateMaster, 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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