Altus Group Limited (TSE:AIF) Receives Consensus Rating of “Buy” from Analysts

Shares of Altus Group Limited (TSE:AIFGet Rating) have received an average recommendation of “Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$68.85.

Several equities research analysts have weighed in on the company. BMO Capital Markets cut their price target on Altus Group from C$80.00 to C$76.00 in a report on Friday, February 4th. Scotiabank dropped their price objective on Altus Group from C$66.00 to C$63.00 in a report on Friday, February 25th. CIBC dropped their price objective on Altus Group from C$73.00 to C$50.00 and set a “neutral” rating on the stock in a report on Monday, February 28th. Canaccord Genuity Group dropped their price objective on Altus Group from C$74.00 to C$70.00 in a report on Friday, February 25th. Finally, National Bankshares dropped their price objective on Altus Group from C$80.00 to C$70.00 and set an “outperform” rating on the stock in a report on Friday, February 25th.

In other news, Director Raymond Mikulich bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 8th. The stock was purchased at an average cost of C$52.03 per share, with a total value of C$52,030.00. Following the transaction, the director now directly owns 9,257 shares in the company, valued at C$481,641.71. Over the last three months, insiders purchased 2,294 shares of company stock valued at $120,034.

TSE AIF traded down C$1.18 during trading hours on Tuesday, hitting C$46.07. 60,662 shares of the company were exchanged, compared to its average volume of 126,086. The company has a 50 day moving average of C$49.19 and a two-hundred day moving average of C$58.97. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 60.75. Altus Group has a 52-week low of C$44.70 and a 52-week high of C$72.33. The firm has a market cap of C$2.03 billion and a price-to-earnings ratio of 77.45.

Altus Group (TSE:AIFGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported C$0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.05. The company had revenue of C$162.91 million for the quarter, compared to analysts’ expectations of C$161.95 million. On average, equities research analysts predict that Altus Group will post 2.2400001 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Altus Group’s dividend payout ratio (DPR) is presently 100.00%.

About Altus Group (Get Rating)

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.

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