Altus Group Limited (TSE:AIF) Receives C$55.63 Average Price Target from Brokerages

Shares of Altus Group Limited (TSE:AIF) have been given an average rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$55.63.

AIF has been the topic of several analyst reports. TD Securities dropped 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 report on Wednesday, February 25th. National Bank Financial lowered their price target on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Royal Bank Of Canada dropped their price objective 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. ATB Cormark Capital Markets lifted their price objective on shares of Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets boosted their target price on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th.

Altus Group Price Performance

Shares of TSE:AIF opened at C$45.54 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 0.71 and a debt-to-equity ratio of 52.00. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The firm has a 50-day simple moving average of C$45.64 and a 200 day simple moving average of C$48.26. The company has a market cap of C$1.63 billion, a PE ratio of -2,277.00, a P/E/G ratio of 0.96 and a beta of 0.33.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The firm had revenue of C$108.24 million for the quarter. On average, sell-side analysts anticipate that Altus Group will post 1.7263823 EPS for the current year.

Insider Activity

In other Altus Group news, Director William Brennan acquired 106,515 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the acquisition, the director directly owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. This represents a 3.16% increase in their position. Insiders purchased 190,392 shares of company stock worth $8,052,187 in the last three months. Insiders own 4.05% of the company’s stock.

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.