Altus Group (TSE:AIF) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Altus Group (TSE:AIF) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports. National Bank Financial also issued estimates for Altus Group’s Q3 2025 earnings at $0.46 EPS and FY2025 earnings at $1.78 EPS.

Several other research firms also recently issued reports on AIF. Scotiabank upped their price objective on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Royal Bank Of Canada decreased their price objective on shares of Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating for the company in a report on Tuesday, April 22nd. CIBC reduced their price target on shares of Altus Group from C$57.00 to C$54.00 in a report on Thursday, April 17th. National Bankshares raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$60.00 to C$74.00 in a report on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Altus Group from C$60.00 to C$62.00 in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$60.20.

Altus Group Price Performance

TSE AIF opened at C$61.39 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The company has a fifty day simple moving average of C$54.44 and a 200 day simple moving average of C$53.72. The company has a market cap of C$2.86 billion, a P/E ratio of 1,074.21, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group has a 1 year low of C$46.36 and a 1 year high of C$62.00.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Altus Group’s dividend payout ratio (DPR) is presently 1,049.89%.

Insiders Place Their Bets

In other news, Senior Officer Kimberly Carter sold 725 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$55.00, for a total value of C$39,875.00. Also, Director Anthony Long sold 3,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of C$56.16, for a total transaction of C$168,468.00. 4.05% of the stock is 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.