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

Altus Group (TSE:AIF) had its price target upped by ATB Cormark Capital Markets from C$56.00 to C$57.10 in a research report report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday. National Bank Financial upped their target price on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$55.64.

Altus Group Stock Performance

AIF stock opened at C$52.43 on Friday. The firm has a market cap of C$1.88 billion, a price-to-earnings ratio of -2,621.50, a PEG ratio of 0.96 and a beta of 0.29. The firm has a 50-day simple moving average of C$45.78 and a two-hundred day simple moving average of C$45.57. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. On average, equities analysts forecast that Altus Group will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. Altus Group’s payout ratio is presently -3,000.00%.

Insider Buying and Selling

In other news, Director William Brennan acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of C$42.90 per share, with a total value of C$85,800.00. Following the purchase, the director directly owned 3,529,831 shares of the company’s stock, valued at C$151,429,749.90. This trade represents a 0.06% increase in their ownership of the stock. In the last 90 days, insiders purchased 190,392 shares of company stock valued at $8,052,187. Corporate 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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.