Altus Group Limited (TSE:AIF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Altus Group Limited (TSE:AIF) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$55.43.

Several equities analysts have commented on the stock. Scotiabank decreased their target price on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. TD Securities reduced their price target on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. National Bank Financial downgraded shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Cormark upgraded Altus Group from a “hold” rating to a “buy” rating and upped their target price for the stock from C$61.00 to C$65.00 in a research note on Friday, November 21st.

Altus Group Stock Performance

AIF opened at C$46.90 on Monday. The company has a debt-to-equity ratio of 48.84, a quick ratio of 1.30 and a current ratio of 1.03. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The firm has a market cap of C$1.90 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The business’s fifty day moving average is C$48.11 and its 200-day moving average is C$53.95.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 EPS for the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.The business had revenue of C$108.96 million during the quarter. Sell-side analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan purchased 3,100 shares of the stock in a transaction dated Monday, December 15th. The stock was bought at an average price of C$54.49 per share, with a total value of C$168,919.00. Following the acquisition, the director owned 2,503,759 shares of the company’s stock, valued at approximately C$136,429,827.91. This represents a 0.12% increase in their ownership of the stock. Over the last ninety days, insiders acquired 4,846 shares of company stock worth $265,940. 4.05% of the stock is currently owned by insiders.

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