Altus Group Limited (TSE:AIF) Receives Consensus Rating of “Hold” from Analysts

Altus Group Limited (TSE:AIF) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$56.33.

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Altus Group from C$52.00 to C$55.00 in a report on Friday, August 9th. CIBC raised their price target on shares of Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. Scotiabank lowered their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 9th. BMO Capital Markets lowered their price target on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group lowered their price target on shares of Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th.

Insider Buying and Selling at Altus Group

In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of Altus Group stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. Company insiders own 4.03% of the company’s stock.

Altus Group Stock Up 0.4 %

Shares of AIF opened at C$53.24 on Thursday. The stock has a market cap of C$2.45 billion, a price-to-earnings ratio of 887.33, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 12 month low of C$35.29 and a 12 month high of C$59.60. The company has a 50-day moving average price of C$54.29 and a two-hundred day moving average price of C$51.32.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The company had revenue of C$206.71 million during the quarter, compared to analyst estimates of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. Equities analysts predict that Altus Group will post 1.68356 EPS for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.13%. Altus Group’s payout ratio is currently 1,000.00%.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; 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.