Altus Group Limited (TSE:AIF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Altus Group Limited (TSE:AIF) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$59.86.

Several brokerages have issued reports on AIF. Natl Bk Canada cut Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. National Bankshares cut Altus Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$74.00 to C$52.00 in a report on Friday, November 7th. Scotiabank reduced their target price on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. CIBC increased their price target on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. Finally, BMO Capital Markets upped their price target on shares of Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan bought 4,119 shares of Altus Group stock in a transaction on Tuesday, November 11th. The shares were acquired at an average price of C$48.85 per share, for a total transaction of C$201,213.15. Following the completion of the purchase, the director directly owned 2,036,564 shares in the company, valued at approximately C$99,486,151.40. This trade represents a 0.20% increase in their position. Also, Director Michael Gordon bought 10,290 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the transaction, the director owned 16,290 shares of the company’s stock, valued at approximately C$816,943.50. The trade was a 171.50% increase in their position. Over the last quarter, insiders bought 35,819 shares of company stock worth $1,784,067. Company insiders own 4.05% of the company’s stock.

Altus Group Stock Up 1.0%

AIF stock opened at C$54.90 on Wednesday. Altus Group has a 1-year low of C$43.84 and a 1-year high of C$63.07. The business has a fifty day moving average price of C$55.11 and a 200-day moving average price of C$56.24. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The stock has a market capitalization of C$2.37 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.96 and a beta of 0.59.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The company had revenue of C$133.32 million for the quarter. Equities analysts forecast that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Altus Group’s dividend payout ratio is currently 6.71%.

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.