Altus Group Limited (TSE:AIF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Altus Group Limited (TSE:AIF) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$59.86.

A number of research analysts recently weighed in on AIF shares. National Bankshares cut Altus Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$74.00 to C$52.00 in a report on Friday, November 7th. BMO Capital Markets raised their price objective on Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th. Cormark raised Altus Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. Natl Bk Canada cut Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, TD Securities dropped their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, November 7th.

Insider Transactions at Altus Group

In related news, Director William Brennan acquired 1,146 shares of Altus Group stock in a transaction on Tuesday, December 23rd. The shares were bought at an average price of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the purchase, the director directly owned 2,534,757 shares in the company, valued at C$142,453,343.40. This trade represents a 0.05% increase in their position. In the last three months, insiders acquired 177,935 shares of company stock valued at $9,467,490. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Stock Down 0.9%

AIF opened at C$41.25 on Thursday. Altus Group has a 12 month low of C$40.65 and a 12 month high of C$63.07. The business has a 50-day moving average of C$53.64 and a two-hundred day moving average of C$56.18. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 4.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49.

Altus Group (TSE:AIF) last released its earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. The business had revenue of C$133.32 million for the quarter. On average, research analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.