Altus Group Limited (TSE:AIF) Receives Consensus Recommendation of “Hold” from Brokerages

Altus Group Limited (TSE:AIF) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$55.62.

AIF has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets upped their target price on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, April 17th. National Bank Financial reduced their price objective on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th.

Insider Transactions at Altus Group

In related news, Director William Brennan purchased 106,515 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the completion of the purchase, the director directly owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. Insiders have bought 190,392 shares of company stock valued at $8,052,187 over the last ninety days. 4.05% of the stock is owned by corporate insiders.

Altus Group Trading Up 0.5%

AIF opened at C$47.68 on Thursday. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The business has a 50 day simple moving average of C$45.16 and a two-hundred day simple moving average of C$45.88. The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -2,384.00, a PEG ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share 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$108.23 million for the quarter. Analysts predict that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Altus Group’s payout ratio is currently -3,000.00%.

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.