Altus Group Limited (TSE:AIF) Receives C$58.14 Average PT from Brokerages

Shares of Altus Group Limited (TSE:AIF) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$59.29.

Several research firms have recently issued reports on AIF. CIBC upped their price objective on Altus Group from C$54.00 to C$62.00 in a research note on Monday. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating and upped their price target for the company from C$61.00 to C$65.00 in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$74.00 to C$52.00 in a report on Friday, November 7th.

Insider Buying and Selling

In other news, Director William Brennan purchased 12,207 shares of the stock in a transaction on Tuesday, November 11th. The stock was purchased at an average price of C$49.95 per share, for a total transaction of C$609,739.65. Following the acquisition, the director owned 2,051,152 shares in the company, valued at C$102,455,042.40. This trade represents a 0.60% increase in their ownership of the stock. Also, Director Michael Gordon purchased 10,290 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of C$50.15 per share, for a total transaction of C$516,043.50. Following the transaction, the director directly owned 16,290 shares in the company, valued at approximately C$816,943.50. This trade represents a 171.50% increase in their position. Over the last ninety days, insiders purchased 35,819 shares of company stock worth $1,784,067. 4.05% of the stock is owned by insiders.

Altus Group Stock Up 0.2%

Shares of AIF opened at C$54.21 on Friday. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. Altus Group has a 52 week low of C$43.84 and a 52 week high of C$63.07. The stock has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.96 and a beta of 0.68. The stock has a fifty day moving average of C$56.52 and a 200-day moving average of C$56.26.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$133.32 million during the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%. As a group, sell-side analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 29th. Altus Group’s dividend payout ratio (DPR) is 6.71%.

Altus Group Company Profile

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.