Altus Group Limited (TSE:AIF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Altus Group Limited (TSE:AIF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$56.26.

AIF has been the subject of several research reports. National Bank Financial raised their price objective on shares of Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 21st. BMO Capital Markets increased their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets lifted their target price on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Altus Group Trading Down 0.4%

Shares of AIF opened at C$51.80 on Friday. The business has a 50-day moving average of C$47.30 and a 200 day moving average of C$46.13. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. The firm has a market cap of C$1.77 billion, a P/E ratio of -126.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$57.35.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, November 5th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$116.92 million for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. As a group, research analysts forecast that Altus Group will post 1.73 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Gordon bought 5,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average cost of C$44.36 per share, with a total value of C$221,800.00. Following the acquisition, the director directly owned 46,940 shares in the company, valued at C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. Also, Director William Brennan acquired 3,771 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average price of C$44.84 per share, for a total transaction of C$169,091.64. Following the completion of the purchase, the director directly owned 3,659,822 shares in the company, valued at C$164,106,418.48. This trade represents a 0.10% increase in their position. Insiders acquired 63,208 shares of company stock worth $2,865,356 over the last quarter. 4.05% of the stock is currently owned by company insiders.

About Altus Group

Altus Group is a leading provider of CRE intelligence, anchored by ARGUS – the industry’s go-to software for valuation and performance analytics. For more than two decades, Altus Group has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-impact decisions with confidence. The world’s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are driving meaningful impact in an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities.