Altus Group Ltd (TSE:AIF) to Post FY2017 Earnings of $1.39 Per Share, Cormark Forecasts
Altus Group Ltd (TSE:AIF) – Equities research analysts at Cormark upped their FY2017 earnings per share estimates for Altus Group in a report issued on Thursday. Cormark analyst M. Macdougall now anticipates that the company will post earnings of $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.
Several other research firms also recently commented on AIF. TD Securities reaffirmed a “buy” rating and issued a C$37.00 price objective on shares of Altus Group in a report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$33.00 price objective on shares of Altus Group in a report on Thursday, June 8th. CIBC cut shares of Altus Group from an “outperform” rating to a “neutral” rating in a research note on Thursday. Finally, Canaccord Genuity increased their target price on shares of Altus Group from C$34.00 to C$36.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$33.67.
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Altus Group (AIF) opened at 32.40 on Monday. The firm has a market capitalization of $1.24 billion and a P/E ratio of 72.81. The firm’s 50-day moving average is $27.71 and its 200 day moving average is $29.59. Altus Group has a 12 month low of $22.51 and a 12 month high of $33.50.
In other news, Director Raymond Mikulich bought 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were acquired at an average cost of C$28.05 per share, for a total transaction of C$28,050.00. Also, Director Alex Probyn sold 9,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of C$30.27, for a total transaction of C$272,430.00. Insiders acquired a total of 4,000 shares of company stock worth $117,750 over the last quarter.
About Altus Group
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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