Altus Group Limited (TSE:AIF) Given Consensus Recommendation of “Hold” by Analysts

Altus Group Limited (TSE:AIF) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$56.33.

Several research analysts recently commented on AIF shares. Canaccord Genuity Group cut their price target on Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. CIBC boosted their price target on Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price objective on Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th. BMO Capital Markets cut their price objective on Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Finally, TD Securities cut their price objective on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Insider Transactions at Altus Group

In other news, Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. In other news, Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. Also, Director William Brennan acquired 500 shares of Altus Group stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average cost of C$54.48 per share, with a total value of C$27,240.00. 4.04% of the stock is currently owned by insiders.

Altus Group Stock Down 0.5 %

Shares of TSE:AIF opened at C$53.33 on Monday. The stock has a 50-day simple moving average of C$54.35 and a 200-day simple moving average of C$51.81. The stock has a market capitalization of C$2.46 billion, a P/E ratio of 888.83, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$59.60. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The firm had revenue of C$206.71 million during the quarter, compared to analysts’ expectations of C$132.50 million. Equities analysts forecast that Altus Group will post 1.6875773 earnings per share for the current year.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, September 27th. Altus Group’s payout ratio is 1,000.00%.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.