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

Key Points

• Analysts maintain a “Hold” consensus on Altus Group, with four hold ratings and three buys. The average 12-month price target is C$55.64, versus the stock’s opening price of C$45.02.
• Recent analyst updates raised price targets to C$50.00 from National Bank Financial and BMO Capital Markets, while ATB Cormark lifted its target to C$57.10 and maintained an “outperform” rating.
• Insiders have been buying shares, including a director’s C$456,752 purchase, while the company pays a quarterly dividend of C$0.15 per share. Altus Group reported C$0.53 quarterly EPS on C$112.67 million in revenue but continues to have negative net margins and return on equity.

Shares of Altus Group Limited (TSE:AIF - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$55.64.

A number of research analysts have recently issued reports on AIF shares. National Bank Financial lifted 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. BMO Capital Markets increased their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets raised 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 research note on Friday, August 7th.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan acquired 9,743 shares of the stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average price of C$46.88 per share, with a total value of C$456,751.84. Following the transaction, the director directly owned 3,611,050 shares of the company's stock, valued at C$169,286,024. This trade represents a 0.27% increase in their ownership of the stock. Over the last ninety days, insiders acquired 25,308 shares of company stock valued at $1,165,267. 4.05% of the stock is owned by company insiders.

Altus Group Price Performance

Shares of AIF stock opened at C$45.02 on Friday. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The stock's 50-day moving average is C$46.83 and its 200 day moving average is C$46.12. The company has a market cap of C$1.54 billion, a P/E ratio of -109.80, a PEG ratio of 0.96 and a beta of 0.46. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30.

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

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Altus Group's dividend payout ratio is currently -146.34%.

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.

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