Altus Group Limited (TSE:AIF) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Altus Group, with four holds and three buys among seven covering brokerages. The average 12-month price target is C$55.64.
• Recent analysts raised their price targets to C$50.00 from BMO Capital Markets and National Bank Financial, while ATB Cormark increased its target to C$57.10 and maintained an “outperform” rating.
• Insiders have been buying shares: company insiders purchased 63,208 shares worth approximately C$2.87 million over the past 90 days. Altus Group’s latest quarter included C$112.67 million in revenue and C$0.53 in earnings per share, although net margin and return on equity remained negative.

Shares of Altus Group Limited (TSE:AIF - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$55.64.

Several analysts have recently commented on AIF shares. BMO Capital Markets increased 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 research note on Friday, August 7th. National Bank Financial boosted 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. Finally, ATB Cormark Capital Markets upped their price objective on Altus Group from C$56.00 to C$57.10 and gave the stock an "outperform" rating in a report on Friday, August 7th.

Insider Activity at Altus Group

In related news, Director William Brennan bought 15,265 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the transaction, the director owned 3,558,335 shares of the company's stock, valued at C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. Also, Director Michael Gordon purchased 5,000 shares of Altus Group stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average cost of C$44.36 per share, for a total transaction of C$221,800.00. Following the completion of the transaction, the director 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. Insiders purchased 63,208 shares of company stock worth $2,865,356 over the last 90 days. 4.05% of the stock is currently owned by company insiders.

Altus Group Price Performance

TSE:AIF opened at C$48.00 on Tuesday. The firm has a market cap of C$1.64 billion, a PE ratio of -117.07, a price-to-earnings-growth ratio of 0.96 and a beta of 0.40. Altus Group has a 12 month low of C$36.97 and a 12 month high of C$60.61. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. The company's 50-day moving average price is C$46.48 and its two-hundred day moving average price is C$45.98.

Altus Group (TSE:AIF - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The company had revenue of C$112.67 million during the quarter. On average, equities analysts anticipate that Altus Group will post 1.73 EPS for the current fiscal year.

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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