Altus Group Limited (AIF.TO) – What Are Analysts Thinking About This Stock?

Shares of Altus Group Limited (TSE:AIF) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$55.64.

AIF has been the subject of a number of analyst reports. National Bank Financial upped their price target on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets lifted their price objective on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their price objective 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, August 7th.

Altus Group Price Performance

Shares of Altus Group stock opened at C$48.33 on Tuesday. Altus Group has a one year low of C$36.97 and a one year high of C$59.03. The stock’s fifty day moving average is C$46.54 and its 200 day moving average is C$46.03. The stock has a market cap of C$1.65 billion, a P/E ratio of -117.88, a P/E/G ratio of 0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09.

Altus Group (TSE:AIF) last released its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. Altus Group had a negative return on equity of 5.13% and a negative net margin of 5.32%. The company had revenue of C$112.67 million for the quarter. Sell-side analysts anticipate that Altus Group will post 1.73 earnings per share for the current year.

Insider Activity at Altus Group

In other news, Director William Brennan bought 3,771 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were bought at an average price of C$44.84 per share, for a total transaction of C$169,091.64. Following the purchase, the director owned 3,659,822 shares in the company, valued at approximately C$164,106,418.48. The trade was a 0.10% increase in their ownership of the stock. Also, Director Michael Gordon purchased 5,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average cost of C$44.36 per share, for a total transaction of C$221,800.00. Following the acquisition, the director directly owned 46,940 shares of the company’s stock, valued at approximately C$2,082,258.40. This represents a 11.92% increase in their ownership of the stock. Insiders purchased a total of 63,208 shares of company stock valued at $2,865,356 over the last three months. 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.