Altus Group Limited (TSE:AIF) Receives Average Recommendation of “Hold” from Brokerages

Altus Group Limited (TSE:AIF) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$56.22.

AIF has been the topic of a number of research analyst reports. CIBC reduced their price objective on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. National Bankshares lifted their price target on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. BMO Capital Markets cut their price objective on Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Cormark decreased their target price on Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, TD Securities lowered their price target on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Altus Group Stock Performance

Altus Group stock opened at C$55.97 on Tuesday. Altus Group has a 52 week low of C$38.87 and a 52 week high of C$59.60. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The stock has a market cap of C$2.58 billion, a P/E ratio of 932.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The stock has a 50 day moving average of C$54.30 and a 200-day moving average of C$52.33.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Insiders Place Their Bets

In other news, Director William Brennan bought 500 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00. Insiders have purchased 27,564 shares of company stock valued at $1,578,773 over the last three months. Company insiders own 4.05% of the company’s stock.

About Altus Group

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.