Altus Group (TSE:AIF) Hits New 1-Year Low – Here’s What Happened

Shares of Altus Group Limited (TSE:AIF) hit a new 52-week low on Thursday . The company traded as low as C$39.80 and last traded at C$40.01, with a volume of 25603 shares changing hands. The stock had previously closed at C$41.20.

Analysts Set New Price Targets

AIF has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Natl Bk Canada downgraded shares of Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and increased their price target for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. Canadian Imperial Bank of Commerce lifted their price objective on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Finally, BMO Capital Markets upped their target price on Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$59.86.

Altus Group Trading Up 0.7%

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 firm has a market cap of C$1.58 billion, a price-to-earnings ratio of 4.37, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49. The business’s 50-day moving average price is C$51.64 and its two-hundred day moving average price is C$55.48.

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

Insider Buying and Selling

In related news, Director William Brennan sold 93,975 shares of the 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 transaction, the director directly owned 2,364,956 shares in the company, valued at approximately C$127,683,974.44. This represents a 3.82% decrease in their ownership of the stock. Insiders acquired 142,116 shares of company stock valued at $7,683,423 in the last ninety days. Corporate insiders own 4.05% of the company’s stock.

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.