Altus Group (TSE:AIF) Trading Up 14.2% – Time to Buy?

Altus Group Limited (TSE:AIF)’s stock price was up 14.2% during trading on Friday . The stock traded as high as C$53.42 and last traded at C$52.03. 169,765 shares traded hands during trading, a decline of 23% from the average session volume of 219,828 shares. The stock had previously closed at C$45.57.

Analyst Ratings Changes

Several research firms have commented on AIF. ATB Cormark Capital Markets upped their price target 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 lowered their price objective on 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 raised their target price on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group has a consensus rating of “Hold” and a consensus target price of C$55.62.

Altus Group Price Performance

The company has a 50-day moving average of C$45.58 and a 200 day moving average of C$45.52. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. The firm has a market cap of C$1.86 billion, a P/E ratio of -2,600.50, a P/E/G ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$112.67 million for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. On average, sell-side analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio (DPR) is currently -3,000.00%.

Insider Transactions at Altus Group

In other news, Director William Brennan purchased 106,515 shares of Altus Group stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the completion of the transaction, 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. Over the last ninety days, insiders have bought 190,392 shares of company stock worth $8,052,187. Company 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.