Altus Group Limited (TSE:AIF) Receives C$55.64 Average Target Price from Analysts

Altus Group Limited (TSE:AIF) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$55.64.

Several research analysts have recently commented on the company. ATB Cormark Capital Markets lifted their target price on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial increased their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets raised their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, August 7th.

Altus Group Stock Performance

Altus Group stock opened at C$47.55 on Monday. Altus Group has a 52 week low of C$36.97 and a 52 week high of C$63.07. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. The stock has a market capitalization of C$1.63 billion, a P/E ratio of -115.98, a PEG ratio of 0.96 and a beta of 0.29. The stock has a 50-day simple moving average of C$46.50 and a 200 day simple moving average of C$45.69.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$112.67 million for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%. Analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Altus Group’s payout ratio is currently -146.34%.

Insider Buying and Selling at Altus Group

In related news, Director William Brennan bought 15,265 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was bought at an average price of C$45.53 per share, for a total transaction of C$695,015.45. Following the purchase, the director owned 3,558,335 shares in the company, valued at C$162,010,992.55. This represents a 0.43% increase in their position. 4.05% of the stock is owned by insiders.

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.