CIBC Lowers Altus Group (TSE:AIF) Price Target to C$52.00

Altus Group (TSE:AIF) had its price objective reduced by CIBC from C$53.00 to C$52.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research firms have also commented on AIF. Royal Bank of Canada raised their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday. TD Securities dropped their price target on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on shares of Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Scotiabank dropped their target price on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Finally, National Bankshares raised their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$56.22.

Altus Group Stock Performance

Shares of AIF opened at C$57.88 on Friday. Altus Group has a 52-week low of C$36.98 and a 52-week high of C$59.60. The firm has a market capitalization of C$2.66 billion, a PE ratio of 964.67, a P/E/G ratio of 0.96 and a beta of 0.82. The firm has a 50-day moving average price of C$54.10 and a 200 day moving average price of C$52.16. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Insider Activity at Altus Group

In other news, Senior Officer Kimberly Carter sold 1,100 shares of Altus Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total transaction of C$59,400.00. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total transaction of C$59,400.00. Also, Director William Brennan bought 500 shares of the stock in a transaction on Tuesday, September 24th. The shares were acquired at an average cost of C$54.48 per share, for a total transaction of C$27,240.00. 4.05% of the stock is owned by insiders.

Altus Group Company Profile

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.