Brokerages Set Altus Group Limited (TSE:AIF) Price Target at C$56.33

Altus Group Limited (TSE:AIF) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$56.33.

A number of research analysts recently commented on AIF shares. Canaccord Genuity Group lowered their price target on Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on Altus Group from C$52.00 to C$55.00 in a report on Friday, August 9th. BMO Capital Markets lowered their price target on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Eight Capital boosted their price target on Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. Finally, Scotiabank decreased their price objective on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th.

Insider Activity

In other Altus Group news, Director William Brennan sold 18,551 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32. In other news, Senior Officer Kimberly Carter sold 1,100 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total transaction of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32. Corporate insiders own 4.05% of the company’s stock.

Altus Group Stock Up 0.2 %

AIF stock opened at C$54.15 on Friday. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$59.60. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The stock has a market cap of C$2.49 billion, a P/E ratio of 902.50, a PEG ratio of 0.96 and a beta of 0.82. The business’s 50-day moving average price is C$53.75 and its 200-day moving average price is C$52.02.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. On average, equities research analysts forecast that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, September 27th. Altus Group’s dividend payout ratio is currently 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.