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

Shares of Altus Group Limited (TSE:AIF) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$56.50.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. TD Securities lowered their price objective on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. ATB Cormark Capital Markets lifted their price objective on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets lifted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th.

Altus Group Trading Up 0.7%

TSE:AIF opened at C$41.33 on Friday. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$63.07. The firm has a fifty day simple moving average of C$46.52 and a 200-day simple moving average of C$49.55. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. The company has a market capitalization of C$1.48 billion, a P/E ratio of -2,066.50, a PEG ratio of 0.96 and a beta of 0.64.

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

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.