Altus Group Limited (TSE:AIF) Given Consensus Recommendation of “Hold” by Analysts

Shares of Altus Group Limited (TSE:AIF) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$55.64.

A number of equities research analysts have recently weighed in on the stock. ATB Cormark Capital Markets boosted 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 report on Friday, August 7th. BMO Capital Markets raised their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Finally, National Bank Financial boosted their price target on 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.

Altus Group Stock Down 0.1%

AIF stock opened at C$45.02 on Friday. The firm has a 50 day moving average of C$46.83 and a 200 day moving average of C$46.12. The stock has a market capitalization of C$1.54 billion, a PE ratio of -109.80, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. The company has a quick ratio of 1.30, a current ratio of 1.09 and a debt-to-equity ratio of 83.44. Altus Group has a 52 week low of C$36.97 and a 52 week high of C$63.07.

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

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Altus Group’s dividend payout ratio is currently -146.34%.

Insiders Place Their Bets

In other Altus Group news, Director William Brennan purchased 15,265 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of C$45.53 per share, for a total transaction of C$695,015.45. Following the acquisition, the director owned 3,558,335 shares in the company, valued at C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. In the last 90 days, insiders have purchased 25,308 shares of company stock valued at $1,165,267. 4.05% of the stock is currently owned by corporate insiders.

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.