BMO Capital Markets Issues Positive Forecast for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price target upped by BMO Capital Markets from C$56.00 to C$57.00 in a report issued on Friday,BayStreet.CA reports.

AIF has been the topic of several other reports. TD Securities reduced their price objective on Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, November 7th. CIBC cut their price target on Altus Group from C$63.00 to C$54.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$74.00 to C$52.00 in a report on Friday, November 7th. Scotiabank lowered their price objective on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Finally, National Bank Financial upgraded shares of Altus Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.14.

Altus Group Trading Up 3.1%

Altus Group stock traded up C$1.62 during trading hours on Friday, hitting C$54.10. The company had a trading volume of 541,484 shares, compared to its average volume of 153,403. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The firm has a market cap of C$2.34 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.96 and a beta of 0.68. The company has a 50-day moving average price of C$56.63 and a two-hundred day moving average price of C$56.18. Altus Group has a 1 year low of C$43.84 and a 1 year high of C$63.07.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, November 6th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$133.32 million for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. On average, sell-side analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 29th. Altus Group’s dividend payout ratio (DPR) is currently 6.71%.

Insider Buying and Selling

In other news, Director Michael Gordon acquired 10,290 shares of Altus Group stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of C$50.15 per share, for a total transaction of C$516,043.50. Following the purchase, the director directly owned 16,290 shares in the company, valued at C$816,943.50. The trade was a 171.50% increase in their position. Also, Director William Brennan bought 12,207 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average cost of C$49.95 per share, with a total value of C$609,739.65. Following the transaction, the director directly owned 2,051,152 shares of the company’s stock, valued at C$102,455,042.40. The trade was a 0.60% increase in their ownership of the stock. In the last ninety days, insiders bought 35,819 shares of company stock worth $1,784,067. Insiders own 4.05% of the company’s stock.

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.