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

Altus Group Limited (TSE:AIF) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$64.80.

Several research analysts have recently weighed in on AIF shares. TD Securities boosted their price objective on shares of Altus Group from C$65.00 to C$70.00 and gave the company a “buy” rating in a report on Friday, August 11th. Canaccord Genuity Group boosted their price objective on shares of Altus Group from C$69.00 to C$73.00 in a report on Friday, August 11th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$66.00 to C$68.00 in a report on Friday, August 11th. Finally, Cormark boosted their price objective on shares of Altus Group from C$62.00 to C$66.00 in a report on Friday, August 11th.

Altus Group Stock Down 0.1 %

Shares of Altus Group stock opened at C$52.02 on Friday. The company has a debt-to-equity ratio of 63.86, a quick ratio of 1.30 and a current ratio of 1.59. The stock has a market capitalization of C$2.36 billion, a PE ratio of 306.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.91. Altus Group has a 52-week low of C$40.00 and a 52-week high of C$61.60. The company has a 50-day simple moving average of C$46.69 and a two-hundred day simple moving average of C$49.84.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 10th. The company reported C$0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.46 by C$0.07. The business had revenue of C$205.21 million during the quarter, compared to analysts’ expectations of C$192.55 million. Altus Group had a net margin of 0.99% and a return on equity of 1.29%. On average, analysts anticipate that Altus Group will post 2.6300201 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.60 annualized dividend and a yield of 1.15%. Altus Group’s dividend payout ratio (DPR) is 352.94%.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.