Altus Group Limited (TSE:AIF) Stock Has Consensus Target Price of C$55.64

Shares of Altus Group Limited (TSE:AIF) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$55.64.

Several research analysts have commented on the company. BMO Capital Markets lifted their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. National Bank Financial increased their price target on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets raised their price objective on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research report on Friday, August 7th.

Altus Group Price Performance

AIF stock opened at C$44.80 on Friday. The company has a fifty day moving average price of C$46.68 and a 200-day moving average price of C$46.05. The company has a market capitalization of C$1.53 billion, a P/E ratio of -109.27, a PEG ratio of 0.96 and a beta of 0.46. Altus Group has a 52-week low of C$36.97 and a 52-week high of C$63.07. 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 issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 earnings per share for the quarter. The company had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. As a group, equities analysts expect that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio is currently -146.34%.

Insider Activity at Altus Group

In other news, Director William Brennan acquired 15,265 shares of Altus Group stock in a transaction dated Monday, August 17th. The shares were bought at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the purchase, the director owned 3,558,335 shares in the company, valued at C$162,010,992.55. This trade represents a 0.43% increase in their position. Also, Director Michael Gordon acquired 5,000 shares of Altus Group stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average cost of C$44.36 per share, for a total transaction of C$221,800.00. Following the completion of the purchase, the director owned 46,940 shares in the company, valued at approximately C$2,082,258.40. The trade was a 11.92% increase in their position. In the last 90 days, insiders have acquired 63,208 shares of company stock valued at $2,865,356. Company 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.