Altus Group Limited (TSE:AIF) Given Average Rating of “Hold” by Brokerages

Shares of Altus Group Limited (TSE:AIF) have earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$55.63.

Several equities analysts have issued reports on the company. National Bank Financial cut their price objective on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. ATB Cormark Capital Markets boosted their target price on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. TD Securities dropped their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada dropped their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. Finally, BMO Capital Markets boosted their target price on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th.

Altus Group Trading Up 2.6%

Shares of AIF opened at C$46.38 on Wednesday. The stock has a fifty day moving average price of C$45.71 and a two-hundred day moving average price of C$48.43. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of -2,319.00, a PEG ratio of 0.96 and a beta of 0.33.

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

Insider Buying and Selling at Altus Group

In other news, Director William Brennan bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of C$42.90 per share, for a total transaction of C$85,800.00. Following the completion of the transaction, the director directly owned 3,529,831 shares in the company, valued at C$151,429,749.90. The trade was a 0.06% increase in their position. Insiders acquired a total of 190,392 shares of company stock worth $8,052,187 in the last ninety days. Insiders own 4.05% of the company’s stock.

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.