Brokerages Set Altus Group Limited (TSE:AIF) PT at C$55.63

Altus Group Limited (TSE:AIF) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$55.63.

A number of equities analysts have recently issued reports on the company. National Bank Financial lowered their price objective on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. TD Securities lowered their price objective on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. BMO Capital Markets raised 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 Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada decreased their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th.

Insider Buying and Selling

In other Altus Group news, Director William Brennan bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of C$42.90 per share, with a total value of C$85,800.00. Following the completion of the purchase, the director directly owned 3,529,831 shares of the company’s stock, valued at approximately C$151,429,749.90. This trade represents a 0.06% increase in their position. Insiders purchased a total of 190,392 shares of company stock worth $8,052,187 over the last ninety days. Company insiders own 4.05% of the company’s stock.

Altus Group Price Performance

Shares of AIF opened at C$44.93 on Wednesday. Altus Group has a 1 year low of C$36.97 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -2,246.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.33. The business has a 50-day moving average of C$45.54 and a 200-day moving average of C$48.14.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%.The company had revenue of C$108.24 million during the quarter. As a group, equities research analysts anticipate that Altus Group will post 1.7263823 earnings per share 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 of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is currently -3,000.00%.

About Altus Group

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.