Altus Group Limited (TSE:AIF) Given Average Recommendation of “Hold” by Brokerages

Shares of Altus Group Limited (TSE:AIF) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation 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$56.33.

AIF has been the subject of a number of research reports. Canaccord Genuity Group dropped their target price on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday, July 10th. BMO Capital Markets dropped their target price on shares of Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. TD Securities dropped their target price on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Scotiabank dropped their target price on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 9th. Finally, Cormark decreased their price target on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

Insider Transactions at Altus Group

In other news, Director William Brennan sold 18,551 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. In other news, Director William Brennan sold 18,551 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. Also, Senior Officer Kimberly Carter sold 1,100 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. Company insiders own 4.04% of the company’s stock.

Altus Group Stock Down 0.5 %

TSE AIF opened at C$53.33 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 52 week low of C$35.29 and a 52 week high of C$59.60. The company has a market capitalization of C$2.46 billion, a P/E ratio of 888.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The stock’s 50-day moving average price is C$54.35 and its 200-day moving average price is C$51.82.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.23. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. The business had revenue of C$206.71 million for the quarter, compared to the consensus estimate of C$132.50 million. On average, equities research analysts predict that Altus Group will post 1.6875773 earnings per share for the current year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, September 27th. Altus Group’s payout ratio is presently 1,000.00%.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.