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

Altus Group Limited (TSE:AIF) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$55.63.

A number of brokerages recently issued reports on AIF. Royal Bank Of Canada decreased their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. TD Securities cut their target price on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. ATB Cormark Capital Markets lifted their price target on shares of 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. BMO Capital Markets boosted their price target on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. Finally, National Bank Financial lowered their price objective on shares of 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.

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan purchased 106,515 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the completion of the acquisition, the director directly owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. The trade was a 3.16% increase in their ownership of the stock. Insiders bought 190,392 shares of company stock valued at $8,052,187 over the last ninety days. 4.05% of the stock is currently owned by insiders.

Altus Group Trading Up 2.6%

TSE:AIF opened at C$46.38 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. Altus Group has a 1-year low of C$36.97 and a 1-year high of C$63.07. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -2,319.00, a PEG ratio of 0.96 and a beta of 0.33. The business’s 50-day moving average price is C$45.71 and its two-hundred day moving average price is C$48.43.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$108.24 million during the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. On average, equities analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

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.