BMO Capital Markets Issues Positive Forecast for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price target hoisted by BMO Capital Markets from C$41.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets currently has a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the company. National Bank Financial boosted their target price 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. ATB Cormark Capital Markets raised their price target on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$55.64.

Altus Group Price Performance

Shares of TSE:AIF opened at C$52.43 on Friday. The company has a quick ratio of 1.30, a current ratio of 0.71 and a debt-to-equity ratio of 52.00. The stock has a market cap of C$1.88 billion, a PE ratio of -2,621.50, a PEG ratio of 0.96 and a beta of 0.29. The company’s fifty day moving average is C$45.78 and its 200 day moving average is C$45.57. Altus Group has a 52 week low of C$36.97 and a 52 week high of C$63.07.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (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$112.67 million during the quarter. Research analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The firm 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. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.1%. Altus Group’s dividend payout ratio (DPR) is -3,000.00%.

Insider Buying and Selling

In related news, Director William Brennan bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of C$42.90 per share, with a total value of C$85,800.00. Following the transaction, the director owned 3,529,831 shares in the company, valued at approximately C$151,429,749.90. This trade represents a 0.06% increase in their position. Insiders acquired a total of 190,392 shares of company stock valued at $8,052,187 over the last ninety days. Company 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.