Altus Group Ltd (TSE:AIF) – Investment analysts at Cormark lifted their FY2017 earnings estimates for Altus Group in a report released on Thursday. Cormark analyst M. Macdougall now expects that the company will post earnings per share of $1.39 for the year, up from their previous forecast of $1.30. Cormark also issued estimates for Altus Group’s FY2018 earnings at $1.65 EPS.
Other analysts have also issued research reports about the company. Royal Bank Of Canada upgraded Altus Group from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$33.00 to C$36.00 in a report on Thursday, August 3rd. Canaccord Genuity upped their price target on Altus Group from C$34.00 to C$36.00 in a research report on Thursday, August 3rd. CIBC downgraded Altus Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, TD Securities reaffirmed a “buy” rating and set a C$37.00 price target on shares of Altus Group in a research report on Monday, May 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$33.67.
In other news, Director Alex Probyn sold 9,000 shares of the company’s stock in a transaction 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. Also, Director Raymond Mikulich purchased 2,000 shares of Altus Group stock in a transaction dated Wednesday, June 7th. The shares were acquired at an average cost of C$29.85 per share, for a total transaction of C$59,700.00. Over the last ninety days, insiders have bought 4,000 shares of company stock worth $117,750.
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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