Altus Group Limited (TSE:AIF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Altus Group Limited (TSE:AIF) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$59.86.

A number of equities research analysts have recently issued reports on AIF shares. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. CIBC boosted their price objective on Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. BMO Capital Markets upped their price objective on Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$74.00 to C$52.00 in a report on Friday, November 7th. Finally, Royal Bank Of Canada lowered their price target on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a report on Friday, November 7th.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan purchased 1,146 shares of Altus Group stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the transaction, the director owned 2,534,757 shares in the company, valued at C$142,453,343.40. This represents a 0.05% increase in their position. Insiders have acquired 177,935 shares of company stock worth $9,467,490 over the last 90 days. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Stock Performance

Altus Group stock opened at C$41.25 on Thursday. Altus Group has a 52 week low of C$40.65 and a 52 week high of C$63.07. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The stock has a market cap of C$1.67 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49. The stock has a 50 day moving average of C$53.64 and a 200-day moving average of C$56.18.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. The firm had revenue of C$133.32 million for the quarter. On average, analysts expect that Altus Group will post 1.7263823 EPS for the current fiscal year.

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.