Altus Group Limited (TSE:AIF) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Altus Group Limited has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average 12-month price target of C$61.83.
• Recently, National Bank Financial upgraded the stock to a "strong-buy" rating, while TD Securities increased their price objective from C$63.00 to C$70.00.
• The company will pay a quarterly dividend of $0.15 on October 15th, providing investors with an annualized yield of 1.0%.

Altus Group Limited (TSE:AIF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$61.83.

A number of research analysts have issued reports on the company. National Bank Financial upgraded Altus Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Scotiabank boosted their price objective on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. TD Securities boosted their price objective on shares of Altus Group from C$63.00 to C$70.00 and gave the stock a "buy" rating in a report on Friday. Finally, National Bankshares upgraded shares of Altus Group from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$60.00 to C$74.00 in a report on Wednesday, August 13th.

Altus Group Stock Up 2.5%

TSE:AIF traded up C$1.50 during trading hours on Friday, reaching C$62.33. 177,060 shares of the company traded hands, compared to its average volume of 137,904. The business's 50-day moving average price is C$59.44 and its two-hundred day moving average price is C$54.86. The stock has a market capitalization of C$2.69 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.96 and a beta of 0.90. Altus Group has a 1 year low of C$46.36 and a 1 year high of C$62.37. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91.

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, September 29th. Altus Group's payout ratio is presently 6.86%.

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.

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