TSE:AIF

Altus Group (AIF) Stock Forecast, Price & News

C$47.21

+1.72 (+3.78%)

(As of 06/2/2023 ET)

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Today's Range: C$45.44
▼
C$47.31
50-Day Range: C$40.44
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C$58.32
52-Week Range: C$40.00
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C$61.60

Volume: 188,307 shs
Average Volume: 85,012 shs
Market Capitalization: C$2.14 billion

P/E Ratio: 248.47
Dividend Yield: 1.27%
Price Target: C$62.60

Profile Analyst Ratings Chart Competitors Dividend Earnings Insider Trades Headlines Social Media

Altus Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 32.6% Upside
C$62.60 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.31
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$326,140 Sold 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.

1.98 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Altus Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$62.60, Altus Group has a forecasted upside of 32.6% from its current price of C$47.21.
Amount of Analyst Coverage
Altus Group has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for AIF.

0.8

Dividend Strength

Dividend Yield
Altus Group pays a meaningful dividend of 1.45%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Altus Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Altus Group is 315.79%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AIF.

1.5

News and Social Media Coverage

News Sentiment
Altus Group has a news sentiment score of -0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Altus Group this week, compared to 2 articles on an average week.
Search Interest
7 people have searched for AIF on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altus Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$326,140.00 in company stock.
Percentage Held by Insiders
Only 0.07% of the stock of Altus Group is held by insiders.
Percentage Held by Institutions
64.05% of the stock of Altus Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Altus Group is 248.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 136.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altus Group is 248.47, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 164.19.
Price to Earnings Growth Ratio
Altus Group has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Altus Group has a P/B Ratio of 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

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AIF Stock News Headlines

June 3, 2023 | americanbankingnews.com

Altus Group Limited (TSE:AIF) Receives C$62.60 Consensus PT from Analysts

May 24, 2023 | markets.businessinsider.com

BMO Capital Thinks Altus Group Limited’s Stock is Going to Recover

June 3, 2023 | Vantage Point (Ad)

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May 13, 2023 | americanbankingnews.com

Altus Group (TSE:AIF) Hits New 52-Week Low at $41.24

May 10, 2023 | americanbankingnews.com

TD Securities Lowers Altus Group (TSE:AIF) Price Target to C$65.00

May 10, 2023 | americanbankingnews.com

Altus Group (TSE:AIF) Price Target Cut to C$59.00