Altus Group Limited (TSE:AIF) Given Average Recommendation of “Moderate Buy” by Analysts

Altus Group Limited (TSE:AIF) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$61.83.

Several research analysts recently commented on AIF shares. TD Securities increased their target price on shares of Altus Group from C$63.00 to C$70.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. National Bankshares upgraded shares of Altus Group from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. National Bank Financial upgraded shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Scotiabank increased their target price on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th.

Altus Group Stock Down 0.8%

AIF opened at C$57.15 on Tuesday. The company has a 50 day moving average of C$59.38 and a 200 day moving average of C$56.18. The company has a market cap of C$2.46 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. Altus Group has a 12 month low of C$46.36 and a 12 month high of C$63.07. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 annualized dividend and a yield of 1.0%. Altus Group’s dividend payout ratio is currently 6.86%.

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.