Altus Group Limited (TSE:AIF) Receives Average Recommendation of “Hold” from Analysts

Altus Group Limited (TSE:AIF) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$56.33.

Several equities analysts have commented on AIF shares. Canaccord Genuity Group lowered their price objective on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday, July 10th. BMO Capital Markets decreased their target price on shares of Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on Altus Group from C$52.00 to C$55.00 in a research report on Friday, August 9th. National Bankshares upped their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, Eight Capital raised their price objective on Altus Group from C$50.00 to C$55.00 in a research note on Wednesday, July 10th.

Altus Group Price Performance

Shares of Altus Group stock opened at C$53.75 on Friday. The firm has a market cap of C$2.47 billion, a PE ratio of 895.83, a PEG ratio of 0.96 and a beta of 0.82. The stock has a 50 day moving average of C$53.73 and a 200 day moving average of C$52.03. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. Altus Group has a 12 month low of C$35.29 and a 12 month high of C$59.60.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.23. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. The business had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. On average, research analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Altus Group’s payout ratio is 1,000.00%.

Insider Buying and Selling

In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. In other news, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. 4.05% of the stock is owned by corporate insiders.

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.