Altus Group Limited (TSE:AIF) Receives C$59.86 Consensus Price Target from Analysts

Altus Group Limited (TSE:AIF) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$59.86.

A number of research analysts have recently weighed in on the company. Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and raised their price target for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. TD Securities dropped their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, November 7th. National Bankshares cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$74.00 to C$52.00 in a research report on Friday, November 7th. Royal Bank Of Canada reduced their price target on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, BMO Capital Markets raised their price objective on shares of Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th.

Insider Buying and Selling

In related news, Director William Brennan purchased 1,146 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was bought at an average price of C$56.20 per share, with a total value of C$64,405.20. Following the completion of the transaction, the director owned 2,534,757 shares of the company’s stock, valued at approximately C$142,453,343.40. This represents a 0.05% increase in their position. In the last 90 days, insiders acquired 177,935 shares of company stock worth $9,467,490. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Price Performance

AIF stock opened at C$41.37 on Thursday. The firm has a 50 day moving average of C$53.08 and a 200-day moving average of C$55.99. The company has a market cap of C$1.67 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 0.96 and a beta of 0.49. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. Altus Group has a 12-month low of C$40.47 and a 12-month high of C$63.07.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. The business had revenue of C$133.32 million for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%. As a group, equities analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.