Altus Group Limited (AIF.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Altus Group has an average “Moderate Buy” rating from six analysts, split evenly between buy and hold recommendations, with an average 12-month price target of C$56.26.
• Company directors have been buying shares: Insiders purchased 63,208 shares worth about C$2.87 million in the last quarter; insiders own 4.05% of the stock.
• Altus reported quarterly EPS of C$0.71 on revenue of C$116.92 million. Analysts expect full-year EPS of C$1.73, while the company reported negative net margin and return on equity.

Shares of Altus Group Limited (TSE:AIF - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$56.26.

Several equities research analysts have issued reports on AIF shares. National Bank Financial raised their target price on shares of Altus Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 21st. ATB Cormark Capital Markets upped their price objective on shares of 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. Finally, BMO Capital Markets raised their price target on shares of 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.

Insider Transactions at Altus Group

In other news, Director William Brennan bought 15,265 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the completion of the transaction, the director owned 3,558,335 shares of the company's stock, valued at approximately C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. Also, Director Michael Gordon acquired 5,000 shares of the business's stock in a transaction dated Tuesday, September 22nd. The stock was acquired at an average price of C$44.36 per share, with a total value of C$221,800.00. Following the completion of the transaction, the director directly owned 46,940 shares of the company's stock, valued at approximately C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. In the last quarter, insiders purchased 63,208 shares of company stock worth $2,865,356. 4.05% of the stock is currently owned by company insiders.

Altus Group Trading Down 0.4%

AIF opened at C$51.80 on Friday. The company's 50 day simple moving average is C$47.30 and its two-hundred day simple moving average is C$46.13. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$57.35. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30. The firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of -126.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48.

Altus Group (TSE:AIF - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. The firm had revenue of C$116.92 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. Analysts expect that Altus Group will post 1.73 EPS for the current fiscal year.

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.

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