Analysts Set Altus Group Limited (TSE:AIF) Target Price at C$55.62

Altus Group Limited (TSE:AIF) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$55.62.

AIF has been the topic of several analyst reports. National Bank Financial dropped their price target on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. BMO Capital Markets upped their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Finally, ATB Cormark Capital Markets raised their target price on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, April 17th.

Insider Activity at Altus Group

In related news, Director William Brennan acquired 106,515 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the transaction, the director directly owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. Insiders bought a total of 190,392 shares of company stock valued at $8,052,187 over the last 90 days. 4.05% of the stock is owned by company insiders.

Altus Group Stock Performance

AIF opened at C$46.79 on Thursday. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. The company has a market cap of C$1.67 billion, a price-to-earnings ratio of -2,339.50, a PEG ratio of 0.96 and a beta of 0.29. The company’s 50 day moving average is C$45.54 and its 200 day moving average is C$45.57. Altus Group has a 12-month low of C$36.97 and a 12-month high of C$63.07.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The business had revenue of C$108.23 million during the quarter. On average, equities research analysts predict that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Altus Group’s dividend payout ratio is presently -3,000.00%.

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.