Altus Group Limited (TSE:AIF) Stock Rated “Hold” by Sell-Side Analysts

Shares of Altus Group Limited (TSE:AIF) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$55.64.

A number of brokerages have commented on AIF. ATB Cormark Capital Markets upped their target price on shares of Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial lifted their price target on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th.

Altus Group Trading Down 1.9%

AIF stock opened at C$47.42 on Tuesday. The company has a market capitalization of C$1.62 billion, a PE ratio of -115.66, a P/E/G ratio of 0.96 and a beta of 0.40. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$59.03. The firm’s 50-day moving average is C$46.49 and its 200 day moving average is C$46.03. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The company had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. On average, research analysts anticipate that Altus Group will post 1.73 EPS for the current year.

Insider Buying and Selling at Altus Group

In other news, Director Michael Gordon bought 5,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average cost of C$44.36 per share, for a total transaction of C$221,800.00. Following the acquisition, the director owned 46,940 shares of the company’s stock, valued at C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. Also, Director William Brennan bought 15,265 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of C$45.53 per share, with a total value of C$695,015.45. Following the completion of the acquisition, the director directly owned 3,558,335 shares in the company, valued at approximately C$162,010,992.55. This trade represents a 0.43% increase in their position. Insiders have acquired a total of 63,208 shares of company stock worth $2,865,356 over the last 90 days. 4.05% of the stock is currently 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.