Altus Group Limited (TSE:AIF) Given Consensus Rating of “Hold” by Brokerages

Altus Group Limited (TSE:AIF) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$55.62.

Several brokerages have issued reports on AIF. ATB Cormark Capital Markets raised their price objective on shares of 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. National Bank Financial reduced their target price on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, BMO Capital Markets increased their target price on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th.

Altus Group Stock Performance

TSE AIF opened at C$45.79 on Friday. The company has a fifty day moving average of C$44.36 and a two-hundred day moving average of C$46.92. The company has a market capitalization of C$1.64 billion, a PE ratio of -2,289.50, a P/E/G ratio of 0.96 and a beta of 0.29. Altus Group has a 1 year low of C$36.97 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$108.23 million during the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. As a group, analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Altus Group’s payout ratio is currently -3,000.00%.

Insider Buying and Selling

In other news, Director William Brennan acquired 106,515 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the transaction, the director owned 3,479,874 shares in the company, valued at C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. In the last ninety days, insiders have acquired 190,392 shares of company stock worth $8,052,187. 4.05% of the stock is currently owned by corporate insiders.

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.