Altus Group Limited (TSE:AIF) Receives C$59.86 Average PT from Brokerages

Shares of Altus Group Limited (TSE:AIF) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$59.86.

AIF has been the subject of several analyst reports. Scotiabank cut their target price on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Natl Bk Canada downgraded shares of Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. TD Securities decreased their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, National Bankshares downgraded shares of Altus Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$74.00 to C$52.00 in a report on Friday, November 7th.

Altus Group Price Performance

AIF opened at C$52.00 on Friday. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 0.96 and a beta of 0.68. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm has a 50-day moving average price of C$54.54 and a 200-day moving average price of C$56.70. Altus Group has a twelve month low of C$43.84 and a twelve month high of C$63.07.

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 net margin of 0.36% and a return on equity of 0.43%. The company had revenue of C$133.32 million during the quarter. Equities analysts expect that Altus Group will post 1.7263823 EPS for the current year.

Insider Activity

In other Altus Group news, Director Michael Gordon acquired 10,290 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the acquisition, the director owned 16,290 shares of the company’s stock, valued at C$816,943.50. This trade represents a 171.50% increase in their ownership of the stock. Also, Director William Brennan sold 93,975 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$53.99, for a total transaction of C$5,073,710.25. Following the completion of the transaction, the director owned 2,364,956 shares in the company, valued at approximately C$127,683,974.44. This trade represents a 3.82% decrease in their ownership of the stock. Over the last 90 days, insiders have purchased 176,789 shares of company stock valued at $9,403,085. 4.05% of the stock is owned by company 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.