Altus Group (TSE:AIF) Sets New 12-Month Low – Time to Sell?

Altus Group Limited (TSE:AIF)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$39.80 and last traded at C$40.01, with a volume of 25603 shares. The stock had previously closed at C$41.20.

Analysts Set New Price Targets

AIF has been the subject of a number of recent analyst reports. National Bank Financial lowered Altus Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$74.00 to C$52.00 in a research report on Friday, November 7th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th. Canadian Imperial Bank of Commerce raised their target price on shares of Altus Group from C$54.00 to C$62.00 in a report on Monday, November 24th. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$61.00 to C$65.00 in a research report on Friday, November 21st. Finally, Natl Bk Canada cut Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$59.86.

Altus Group Trading Down 5.6%

The stock has a market capitalization of C$1.57 billion, a PE ratio of 4.35, a PEG ratio of 0.96 and a beta of 0.49. The stock’s 50 day moving average price is C$52.30 and its 200-day moving average price is C$55.72. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

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

Insider Buying and Selling

In other Altus Group news, Director William Brennan sold 93,975 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$53.99, for a total value of C$5,073,710.25. Following the completion of the transaction, the director directly owned 2,364,956 shares in the company, valued at C$127,683,974.44. This represents a 3.82% decrease in their position. Over the last 90 days, insiders purchased 142,116 shares of company stock valued at $7,683,423. 4.05% of the stock is currently owned by 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.