Altus Group (TSE:AIF) Downgraded by National Bankshares to Sector Perform

National Bankshares lowered shares of Altus Group (TSE:AIF) from an outperform rating to a sector perform rating in a report published on Friday,BayStreet.CA reports. National Bankshares currently has C$52.00 price target on the stock, down from their previous price target of C$74.00.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada dropped their price target on 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. CIBC dropped their target price on shares of Altus Group from C$63.00 to C$54.00 and set a “neutral” rating for the company in a research report on Friday. Scotiabank raised their price target on shares of Altus Group from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. TD Securities decreased their price objective on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday. Finally, National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$57.33.

Altus Group Trading Down 12.0%

Shares of AIF stock traded down C$6.45 on Friday, reaching C$47.18. 1,309,457 shares of the stock were exchanged, compared to its average volume of 143,274. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The stock has a market cap of C$2.03 billion, a P/E ratio of 5.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68. The firm has a 50 day moving average of C$58.74 and a two-hundred day moving average of C$56.20. Altus Group has a 1-year low of C$43.84 and a 1-year high of C$63.07.

Altus Group Announces Dividend

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