Altus Group Limited (TSE:AIF) Given Consensus Recommendation of “Hold” by Analysts

Altus Group Limited (TSE:AIF) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$55.62.

Several research firms have weighed in on AIF. National Bank Financial lowered their price objective on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. BMO Capital Markets upped their target price on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Finally, ATB Cormark Capital Markets increased their price target on shares of Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, April 17th.

Altus Group Price Performance

Shares of AIF stock opened at C$47.59 on Friday. The stock’s fifty day moving average is C$44.35 and its 200-day moving average is C$47.21. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. The stock has a market capitalization of C$1.70 billion, a PE ratio of -2,379.50, a PEG ratio of 0.96 and a beta of 0.33. Altus Group has a 52 week low of C$36.97 and a 52 week high of C$63.07.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The company had revenue of C$108.23 million during the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. Equities research analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.3%. Altus Group’s dividend payout ratio is currently -3,000.00%.

Insider Transactions at Altus Group

In other news, Director William Brennan bought 106,515 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the purchase, the director owned 3,479,874 shares of the company’s stock, valued at approximately C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. Over the last 90 days, insiders acquired 190,392 shares of company stock worth $8,052,187. 4.05% of the stock is currently owned by corporate insiders.

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