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

Altus Group Limited (TSE:AIF) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$55.43.

Several brokerages recently issued reports on AIF. Royal Bank Of Canada reduced their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. BMO Capital Markets lowered their target price on shares of Altus Group from C$61.00 to C$48.00 and set a “market perform” rating for the company in a research note on Friday, February 20th. TD Securities cut their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, National Bank Financial lowered Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd.

Altus Group Price Performance

AIF stock traded up C$0.18 during trading on Friday, hitting C$47.15. The stock had a trading volume of 27,287 shares, compared to its average volume of 268,666. The company’s 50 day moving average price is C$45.34 and its two-hundred day moving average price is C$52.58. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The stock has a market cap of C$1.87 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share (EPS) for the quarter. The company had revenue of C$108.96 million for the quarter. Altus Group had a net margin of 69.98% and a return on equity of 49.43%. On average, sell-side analysts forecast that Altus Group will post 1.7263823 EPS for the current fiscal year.

About Altus Group

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.