Altus Group Limited (TSE:AIF) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Altus Group, with four holds and three buys among seven firms. The average 12-month price target is C$55.64.
• Recent analysts raised their price targets, with National Bank Financial and BMO setting targets of C$50.00 and ATB Cormark assigning C$57.10. The stock opened at C$47.62, compared with a 12-month range of C$36.97 to C$63.07.
• Director William Brennan purchased 15,265 shares for approximately C$695,000, while the company reported quarterly revenue of C$112.67 million and EPS of C$0.53. Altus also maintains a quarterly dividend of $0.15 per share, yielding about 1.3%.

Shares of Altus Group Limited (TSE:AIF - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$55.64.

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

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan purchased 15,265 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the completion of the purchase, the director directly owned 3,558,335 shares in the company, valued at C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. Over the last ninety days, insiders purchased 34,998 shares of company stock valued at $1,545,081. 4.05% of the stock is owned by company insiders.

Altus Group Stock Performance

TSE:AIF opened at C$47.62 on Monday. The firm has a market cap of C$1.63 billion, a P/E ratio of -116.15, a PEG ratio of 0.96 and a beta of 0.29. The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. The stock's 50 day simple moving average is C$46.22 and its 200-day simple moving average is C$45.47. Altus Group has a 12-month low of C$36.97 and a 12-month high of C$63.07.

Altus Group (TSE:AIF - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%.The firm had revenue of C$112.67 million during the quarter. Equities analysts anticipate that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 1.3%. Altus Group's payout ratio is presently -146.34%.

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.

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