Altus Group (TSE:AIF) Reaches New 12-Month Low – What’s Next?

Altus Group Limited (TSE:AIF) shares hit a new 52-week low during trading on Friday . The company traded as low as C$46.05 and last traded at C$46.20, with a volume of 133601 shares trading hands. The stock had previously closed at C$53.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TD Securities boosted their price objective on Altus Group from C$63.00 to C$70.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. National Bankshares raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$60.00 to C$74.00 in a report on Wednesday, August 13th. Scotiabank boosted their target price on 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. Finally, National Bank Financial upgraded shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$61.83.

Altus Group Stock Performance

The firm has a market cap of C$1.93 billion, a P/E ratio of 5.12, a PEG ratio of 0.96 and a beta of 0.68. 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’s 50-day moving average is C$59.03 and its two-hundred day moving average is C$56.21.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Altus Group’s payout ratio is 6.86%.

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.