Altus Group Limited (AIF.TO) – What Are Researchers Thinking About This Stock?

Shares of Altus Group Limited (TSE:AIF) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$56.26.

Several equities research analysts have issued reports on AIF shares. National Bank Financial raised their target price on shares of Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 21st. ATB Cormark Capital Markets upped 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. Finally, BMO Capital Markets raised their price target on shares of 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.

Insider Transactions at Altus Group

In other news, Director William Brennan bought 15,265 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the completion of the transaction, the director owned 3,558,335 shares of the company’s stock, valued at approximately C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. Also, Director Michael Gordon acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was acquired at an average price of C$44.36 per share, with a total value of C$221,800.00. Following the completion of the transaction, the director directly owned 46,940 shares of the company’s stock, valued at approximately C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. In the last quarter, insiders purchased 63,208 shares of company stock worth $2,865,356. 4.05% of the stock is currently owned by company insiders.

Altus Group Trading Down 0.4%

AIF opened at C$51.80 on Friday. The company’s 50 day simple moving average is C$47.30 and its two-hundred day simple moving average is C$46.13. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$57.35. 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 firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of -126.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, November 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. The firm had revenue of C$116.92 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. Analysts expect that Altus Group will post 1.73 EPS for the current fiscal year.

About Altus Group

Altus Group is a leading provider of CRE intelligence, anchored by ARGUS – the industry’s go-to software for valuation and performance analytics. For more than two decades, Altus Group has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-impact decisions with confidence. The world’s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are driving meaningful impact in an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities.