Altus Group (TSE:AIF) Stock Rating Upgraded by National Bank Financial

Key Points

• Altus Group has been upgraded from a "hold" to a "strong-buy" rating by National Bank Financial, with Q3 2025 earnings estimates set at $0.46 EPS.
• Multiple analysts have varying price objectives for Altus Group, with National Bank forecasting a target of C$74.00, while CIBC has lowered its target to C$54.00.
• As of the latest reports, Altus Group's market capitalization stands at C$2.84 billion, with a consensus rating of "Moderate Buy" among analysts.

National Bank Financial upgraded shares of Altus Group (TSE:AIF - Free Report) from a hold rating to a strong-buy rating in a research report released on Tuesday, August 12th,Zacks.com reports. National Bank Financial also issued estimates for Altus Group's Q3 2025 earnings at $0.46 EPS and FY2025 earnings at $1.78 EPS.

AIF has been the topic of several other research reports. BMO Capital Markets upped their price target on Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. CIBC dropped their price objective on Altus Group from C$57.00 to C$54.00 in a research note on Thursday, April 17th. Scotiabank raised their price objective on Altus Group from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$60.00 to C$74.00 in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada lowered their price objective on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$60.20.

Altus Group Stock Performance

Shares of TSE:AIF traded up C$0.08 during trading on Tuesday, hitting C$61.12. 74,918 shares of the stock were exchanged, compared to its average volume of 126,706. The company's fifty day simple moving average is C$54.80 and its 200-day simple moving average is C$53.68. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The company has a market capitalization of C$2.84 billion, a price-to-earnings ratio of 1,069.49, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a 1-year low of C$46.36 and a 1-year high of C$62.00.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. Altus Group's dividend payout ratio is currently 1,049.89%.

Insider Activity at Altus Group

In other news, Director Anthony Long sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$56.16, for a total value of C$168,468.00. Also, Senior Officer Kimberly Carter sold 725 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$55.00, for a total transaction of C$39,875.00. 4.05% of the stock is owned by corporate 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.