Altus Group (TSE:AIF) Director William Brennan Purchases 2,400 Shares

Altus Group Limited (TSE:AIF) Director William Brennan purchased 2,400 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of C$42.59 per share, for a total transaction of C$102,216.00. Following the completion of the purchase, the director directly owned 3,512,498 shares of the company’s stock, valued at C$149,597,289.82. This represents a 0.07% increase in their ownership of the stock.

William Brennan also recently made the following trade(s):

• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The shares were purchased at an average price of C$40.97 per share, for a total transaction of C$646,424.66.
• On Thursday, May 14th, William Brennan purchased 857 shares of Altus Group stock. The shares were purchased at an average price of C$40.97 per share, for a total transaction of C$35,111.29.
• On Thursday, May 14th, William Brennan purchased 1,565 shares of Altus Group stock. The shares were purchased at an average price of C$40.97 per share, for a total transaction of C$64,118.05.
• On Friday, May 15th, William Brennan purchased 10,750 shares of Altus Group stock. The shares were purchased at an average price of C$41.23 per share, for a total transaction of C$443,222.50.
• On Friday, May 15th, William Brennan acquired 584 shares of Altus Group stock. The stock was bought at an average price of C$41.23 per share, for a total transaction of C$24,078.32.
• On Friday, May 15th, William Brennan acquired 1,066 shares of Altus Group stock. The stock was bought at an average price of C$41.23 per share, for a total transaction of C$43,951.18.
• On Friday, May 15th, William Brennan acquired 33,544 shares of Altus Group stock. The stock was bought at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan acquired 106,515 shares of Altus Group stock. The stock was bought at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00.

Altus Group Stock Up 0.7%

Shares of TSE AIF opened at C$43.11 on Wednesday. The stock has a market cap of C$1.54 billion, a P/E ratio of -2,155.50, a PEG ratio of 0.96 and a beta of 0.64. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. Altus Group Limited has a 12-month low of C$36.97 and a 12-month high of C$63.07. The business’s fifty day simple moving average is C$46.11 and its 200-day simple moving average is C$48.78.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$108.24 million for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. As a group, equities analysts predict that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AIF shares. ATB Cormark Capital Markets increased their price objective on 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. BMO Capital Markets increased their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Royal Bank Of Canada reduced their price objective on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. Finally, TD Securities reduced their price objective on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$56.50.

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.