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

Shares of Altus Group Limited (TSE:AIF) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$55.64.

Several analysts have weighed in on AIF shares. BMO Capital Markets upped their target price on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. National Bank Financial boosted their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan acquired 15,265 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the purchase, the director directly owned 3,558,335 shares in the company, valued at approximately C$162,010,992.55. This trade represents a 0.43% increase in their position. Insiders have purchased 34,998 shares of company stock valued at $1,545,081 in the last quarter. 4.05% of the stock is owned by corporate insiders.

Altus Group Price Performance

Shares of TSE:AIF opened at C$47.62 on Monday. The firm has a market capitalization of C$1.63 billion, a price-to-earnings ratio of -116.15, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30. The business’s 50 day simple moving average is C$46.22 and its 200-day simple moving average is C$45.47. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$112.67 million during the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%. As a group, equities analysts forecast that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio is -146.34%.

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.