Altus Group Limited (TSE:AIF) Receives Average Recommendation of “Buy” from Analysts

Altus Group Limited (TSE:AIFGet Rating) has been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$64.55.

Several research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Altus Group in a research report on Wednesday, April 27th. They set a “buy” rating and a C$55.00 price objective on the stock. Scotiabank lowered their target price on shares of Altus Group from C$66.00 to C$63.00 in a report on Friday, February 25th. CIBC lowered their target price on shares of 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. TD Securities lowered their target price on shares of Altus Group from C$71.00 to C$65.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Finally, Canaccord Genuity Group lowered their target price on shares of Altus Group from C$74.00 to C$70.00 in a report on Friday, February 25th.

Shares of Altus Group stock opened at C$44.51 on Friday. Altus Group has a 1 year low of C$43.49 and a 1 year high of C$72.33. The company has a debt-to-equity ratio of 67.14, a quick ratio of 1.50 and a current ratio of 1.51. The company has a market capitalization of C$1.98 billion and a P/E ratio of 164.85. The company’s fifty day moving average is C$48.04 and its two-hundred day moving average is C$56.78.

Altus Group (TSE:AIFGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.05. The business had revenue of C$162.91 million for the quarter, compared to analysts’ expectations of C$161.95 million. As a group, equities analysts expect that Altus Group will post 2.2612771 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, March 30th. Altus Group’s dividend payout ratio (DPR) is 222.22%.

In related news, Senior Officer Angelo Bartolini sold 940 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of C$45.12, for a total value of C$42,408.10. Following the completion of the sale, the insider now owns 34,394 shares in the company, valued at C$1,551,685.31. Insiders sold 6,040 shares of company stock valued at $266,706 in the last quarter.

Altus Group Company Profile (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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Analyst Recommendations for Altus Group (TSE:AIF)

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