Altus Group Limited (TSE:AIF) Receives C$59.86 Average Price Target from Brokerages

Altus Group Limited (TSE:AIF) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$59.86.

Several analysts recently issued reports on AIF shares. National Bankshares lowered Altus Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. Scotiabank lowered their target price on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. BMO Capital Markets raised their target price on Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th. CIBC boosted their price target on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Finally, Royal Bank Of Canada decreased their price target on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a report on Friday, November 7th.

Altus Group Stock Performance

Altus Group stock opened at C$55.54 on Wednesday. The company has a market cap of C$2.40 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.96 and a beta of 0.59. Altus Group has a 12 month low of C$43.84 and a 12 month high of C$63.07. 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 stock’s 50-day moving average is C$54.82 and its 200-day moving average is C$56.28.

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

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. Altus Group’s dividend payout ratio is 6.71%.

Insider Transactions at Altus Group

In other news, Director William Brennan acquired 600 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of C$54.36 per share, for a total transaction of C$32,616.00. Following the acquisition, the director directly owned 2,504,359 shares of the company’s stock, valued at C$136,136,955.24. This represents a 0.02% increase in their position. Over the last quarter, insiders have acquired 176,789 shares of company stock worth $9,403,085. 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.