Altus Group Limited (TSE:AIF) Receives Average Rating of “Hold” from Brokerages

Shares of Altus Group Limited (TSE:AIF) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$55.43.

Several brokerages recently commented on AIF. Canadian Imperial Bank of Commerce boosted their target price on shares of Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Scotiabank decreased their price target on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Royal Bank Of Canada dropped 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 report on Friday, February 20th. BMO Capital Markets reduced their target price on 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. Finally, TD Securities decreased their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th.

Altus Group Trading Down 1.5%

Shares of Altus Group stock opened at C$46.90 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 48.84, a quick ratio of 1.30 and a current ratio of 1.03. The firm has a 50-day moving average of C$48.11 and a 200-day moving average of C$54.05. The stock has a market cap of C$1.90 billion, a PE ratio of 5.54, a PEG ratio of 0.96 and a beta of 0.74.

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

Insider Buying and Selling

In other Altus Group news, Director William Brennan bought 1,146 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the purchase, the director directly owned 2,534,757 shares of the company’s stock, valued at approximately C$142,453,343.40. This trade represents a 0.05% increase in their position. In the last ninety days, insiders have bought 4,846 shares of company stock valued at $265,940. Company insiders own 4.05% of the company’s stock.

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.