Altus Group Limited (TSE:AIF) Given Average Recommendation of “Hold” by Brokerages

Altus Group Limited (TSE:AIF) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$55.43.

A number of analysts have weighed in on AIF shares. TD Securities reduced their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada cut their price target on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$61.00 to C$65.00 in a research note on Friday, November 21st. Scotiabank decreased their price objective on shares of Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Finally, National Bank Financial cut shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd.

Insider Activity

In other news, Director William Brennan purchased 1,146 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was purchased at an average price of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the acquisition, the director owned 2,534,757 shares of the company’s stock, valued at approximately C$142,453,343.40. This trade represents a 0.05% increase in their ownership of the stock. Insiders purchased a total of 4,846 shares of company stock valued at $265,940 in the last ninety days. 4.05% of the stock is currently owned by insiders.

Altus Group Stock Up 1.1%

Shares of TSE:AIF opened at C$46.68 on Monday. Altus Group has a 1 year low of C$36.97 and a 1 year high of C$63.07. The business has a 50 day simple moving average of C$49.10 and a two-hundred day simple moving average of C$54.47. The firm has a market capitalization of C$1.88 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The firm had revenue of C$108.96 million for the quarter. On average, equities analysts predict that Altus Group will post 1.7263823 EPS for the current year.

About Altus Group

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.