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

Shares of Altus Group Limited (TSE:AIF) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$56.33.

A number of analysts have recently issued reports on the stock. TD Securities lowered their target price on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th. Cormark lowered their target price on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research note on Friday, August 9th. National Bankshares boosted their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group lowered their target price on shares of Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th.

Altus Group Stock Down 1.7 %

TSE AIF opened at C$52.68 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The company has a fifty day moving average of C$53.85 and a two-hundred day moving average of C$52.05. The firm has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 880.17, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a 52 week low of C$35.29 and a 52 week high of C$59.60.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The company had revenue of C$206.71 million during the quarter, compared to analyst estimates of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. On average, analysts predict that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. Altus Group’s payout ratio is currently 1,000.00%.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan sold 18,551 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.