Altus Group Limited (TSE:AIF) Given Average Recommendation of “Moderate Buy” by Brokerages

Altus Group Limited (TSE:AIF) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$59.86.

A number of equities research analysts have commented on AIF shares. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$61.00 to C$65.00 in a report on Friday, November 21st. TD Securities decreased their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada lowered their price target on shares of 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. Canadian Imperial Bank of Commerce upped their price objective on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. Finally, National Bankshares lowered Altus Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th.

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan sold 93,975 shares of Altus Group stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$53.99, for a total transaction of C$5,073,710.25. Following the completion of the sale, the director owned 2,364,956 shares of the company’s stock, valued at approximately C$127,683,974.44. The trade was a 3.82% decrease in their position. Insiders bought a total of 142,116 shares of company stock valued at $7,683,423 in the last quarter. 4.05% of the stock is owned by company insiders.

Altus Group Stock Up 2.5%

Shares of TSE AIF opened at C$42.42 on Thursday. Altus Group has a 52-week low of C$40.47 and a 52-week high of C$63.07. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The business has a fifty day moving average of C$52.82 and a two-hundred day moving average of C$55.91. The stock has a market cap of C$1.71 billion, a PE ratio of 4.74, a PEG ratio of 0.96 and a beta of 0.49.

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

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.