Analysts Set Altus Group Limited (TSE:AIF) Price Target at C$55.62

Shares of Altus Group Limited (TSE:AIF) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$55.62.

A number of brokerages have recently commented on AIF. BMO Capital Markets boosted their price objective on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. ATB Cormark Capital Markets raised 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 report on Friday, April 17th. Finally, National Bank Financial lowered their target price 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 note on Wednesday, May 27th.

Insiders Place Their Bets

In related news, Director William Brennan bought 2,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was acquired at an average price of C$42.90 per share, for a total transaction of C$85,800.00. Following the acquisition, the director owned 3,529,831 shares in the company, valued at approximately C$151,429,749.90. This represents a 0.06% increase in their position. Insiders have purchased a total of 190,392 shares of company stock worth $8,052,187 over the last 90 days. 4.05% of the stock is currently owned by company insiders.

Altus Group Stock Up 1.7%

AIF stock traded up C$0.78 during midday trading on Friday, hitting C$46.57. The company’s stock had a trading volume of 88,339 shares, compared to its average volume of 229,707. 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 52-week low of C$36.97 and a 52-week high of C$63.07. The firm has a market capitalization of C$1.67 billion, a P/E ratio of -2,328.50, a PEG ratio of 0.96 and a beta of 0.29. The firm has a 50-day simple moving average of C$44.40 and a 200-day simple moving average of C$46.92.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%.The business had revenue of C$108.23 million for the quarter. As a group, equities analysts forecast that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.3%. Altus Group’s payout ratio is presently -3,000.00%.

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.