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TSE:AIF

Altus Group - AIF Stock Forecast, Price & News

C$54.12
-0.26 (-0.48%)
(As of 08/18/2022 12:38 PM ET)
Add
Compare
Today's Range
C$54.03
C$54.88
50-Day Range
C$41.52
C$56.31
52-Week Range
C$41.27
C$72.33
Volume
36,036 shs
Average Volume
107,387 shs
Market Capitalization
C$2.41 billion
P/E Ratio
193.29
Dividend Yield
1.10%
Price Target
C$65.67

Altus Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
21.3% Upside
C$65.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.23mentions of Altus Group in the last 14 days
Based on 20 Articles This Week
Insider Trading
Acquiring Shares
C$35,167 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.57 out of 5 stars

AIF stock logo

About Altus Group (TSE:AIF) Stock

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software. This segment also offers data subscription products that provide real estate information on the residential, office, industrial, and investment markets; and advisory and managed services. This segment serves equity and debt investors, valuers and appraisers, brokers, developers, banks, and public entities. The CRE Consulting segment offers real estate property tax services, including assessment reviews, management, and appeals, as well as personal property, and state and local tax advisory services; valuation services, such as appraisals of real estate portfolios, valuation of properties, due diligence, litigation, and economic consulting services; and construction feasibility study, budgeting, cost and loan monitoring, and project management services to owner operators, developers, financial institutions, and CRE asset holders and investors. The company was founded in 2005 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AIF shares. Cormark raised their price target on shares of Altus Group from C$65.00 to C$66.00 in a research report on Friday, August 12th. Stifel Nicolaus upped their target price on Altus Group from C$55.00 to C$62.00 in a report on Friday, August 12th. CIBC lifted their price target on Altus Group from C$54.00 to C$58.00 and gave the stock a "neutral" rating in a report on Friday, August 12th. TD Securities reduced their price objective on Altus Group from C$71.00 to C$65.00 and set a "buy" rating for the company in a research note on Thursday, May 5th. Finally, Royal Bank of Canada raised their target price on Altus Group from C$61.00 to C$70.00 and gave the company an "outperform" rating in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$66.50.

Altus Group Stock Down 2.7 %

Shares of AIF Stock traded down C$1.51 on Wednesday, hitting C$54.38. The stock's 50-day moving average is C$48.22 and its 200 day moving average is C$48.62. Altus Group has a 12-month low of C$41.27 and a 12-month high of C$72.33. The stock has a market capitalization of C$2.43 billion and a P/E ratio of 199.61. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 67.14.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, June 29th. Altus Group's dividend payout ratio (DPR) is currently 214.29%.

Insider Activity at Altus Group

In other Altus Group news, Senior Officer James Hannon acquired 1,100 shares of Altus Group stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average cost of C$31.97 per share, for a total transaction of C$35,167.00. Following the purchase, the insider now owns 3,000 shares of the company's stock, valued at C$95,910.

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AIF Stock News Headlines

Altus Group (TSE:AIF) PT Raised to C$70.00
Altus Group (TSE:AIF) Price Target Raised to C$66.00
Altus Group (TSE:AIF) PT Raised to C$62.00
Altus Group (TSE:AIF) PT Raised to C$58.00
Altus Reports Second Quarter 2022 Financial Results
Altus Establishes Automatic Share Purchase Plan
Altus Announces Second Quarter 2022 Dividend
Stocks in play: Altus Group Limited
See More Headlines
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AIF Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/18/2022
Next Earnings (Estimated)
11/10/2022

Industry, Sector and Symbol

Industry
Property Management
Sub-Industry
N/A
Sector
Finance
Previous Symbol
TSE:AIF.UN
CIK
N/A
Fax
N/A
Employees
2,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$65.67
High Stock Price Forecast
C$70.00
Low Stock Price Forecast
C$58.00
Forecasted Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$655.81 million
Cash Flow
C$1.04 per share
Book Value
C$12.54 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.41 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Jim Hannon
    Chief Exec. Officer
  • Mr. Angelo Bartolini
    Chief Financial Officer
  • Mr. Alex Probyn
    Global Pres of Property Tax Bus.
  • Mr. Jorge Blanco
    Pres of Altus Analytics Bus. & Chief Commercial Officer
  • David Ross
    Chief Information Officer
  • Ms. Liana L. Turrin
    Gen. Counsel & Corp. Sec.
  • Terrie-Lynne Devonish
    Chief Legal Officer & Corp. Sec.
  • Ms. Camilla Bartosiewicz
    Chief Communication Officer
  • Mr. Walter Turney
    Global Head of Sales, ARGUS
  • Ernest Clark
    Chief Marketing Officer













AIF Stock - Frequently Asked Questions

Should I buy or sell Altus Group stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AIF shares.
View AIF analyst ratings
or view top-rated stocks.

What is Altus Group's stock price forecast for 2022?

6 analysts have issued 12-month price targets for Altus Group's shares. Their AIF share price forecasts range from C$58.00 to C$70.00. On average, they predict the company's share price to reach C$65.67 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for AIF
or view top-rated stocks among Wall Street analysts.

How have AIF shares performed in 2022?

Altus Group's stock was trading at C$70.97 at the beginning of the year. Since then, AIF stock has decreased by 23.4% and is now trading at C$54.38.
View the best growth stocks for 2022 here
.

When is Altus Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our AIF earnings forecast
.

How often does Altus Group pay dividends? What is the dividend yield for Altus Group?

Altus Group declared a quarterly dividend on Thursday, June 16th. Stockholders of record on Thursday, June 30th will be given a dividend of 0.15 per share on Friday, July 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for AIF
.

Is Altus Group a good dividend stock?

Altus Group (TSE:AIF) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 1.07%. The dividend payout ratio is 214.29%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for AIF.

What other stocks do shareholders of Altus Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altus Group investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Gran Tierra Energy (GTE), Shopify (SHOP), UMB Financial (UMBF), Aurora Cannabis (ACB), Air Canada (AC), AutoZone (AZO) and Black Diamond Group (BDI).

What is Altus Group's stock symbol?

Altus Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "AIF."

How do I buy shares of Altus Group?

Shares of AIF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Altus Group's stock price today?

One share of AIF stock can currently be purchased for approximately C$54.38.

How much money does Altus Group make?

Altus Group (TSE:AIF) has a market capitalization of C$2.43 billion and generates C$655.81 million in revenue each year.

How many employees does Altus Group have?

The company employs 2,600 workers across the globe.

How can I contact Altus Group?

Altus Group's mailing address is 33 Yonge St Suite 500, TORONTO, ON M5E 1G4, Canada. The official website for the company is www.altusgroup.com. The company can be reached via phone at +1-416-6419500.

This page (TSE:AIF) was last updated on 8/18/2022 by MarketBeat.com Staff

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