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

Shares of Altus Group Limited (TSE:AIF) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$59.86.

A number of equities research analysts have issued reports on AIF shares. Royal Bank Of Canada cut their target price on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and upped their price target for the stock from C$61.00 to C$65.00 in a research note on Friday, November 21st. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$74.00 to C$52.00 in a research note on Friday, November 7th. Natl Bk Canada lowered Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Scotiabank cut their price target on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th.

Insiders Place Their Bets

In related news, Director William Brennan sold 93,975 shares of Altus Group stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$53.99, for a total transaction of C$5,073,710.25. Following the sale, the director directly owned 2,364,956 shares of the company’s stock, valued at C$127,683,974.44. This trade represents a 3.82% decrease in their ownership of the stock. Also, Director Michael Gordon bought 10,290 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the purchase, the director directly owned 16,290 shares of the company’s stock, valued at C$816,943.50. This represents a 171.50% increase in their position. In the last three months, insiders have acquired 176,789 shares of company stock valued at $9,403,085. Company insiders own 4.05% of the company’s stock.

Altus Group Stock Up 1.7%

Shares of AIF stock opened at C$56.68 on Friday. Altus Group has a 1 year low of C$43.84 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The business’s fifty day moving average is C$54.50 and its 200-day moving average is C$56.64. The stock has a market cap of C$2.45 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

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