Altus Group Limited (TSE:AIF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Altus Group Limited (TSE:AIF – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$70.56.

A number of brokerages have recently issued reports on AIF. CIBC increased their price objective on shares of Altus Group from C$58.00 to C$68.00 and gave the stock a “neutral” rating in a research note on Friday, February 24th. Canaccord Genuity Group raised their target price on shares of Altus Group from C$68.00 to C$69.00 in a research note on Friday, February 24th. Scotiabank boosted their price target on shares of Altus Group from C$59.00 to C$69.00 in a research note on Monday, February 27th. Cormark raised their target price on shares of Altus Group from C$70.00 to C$74.00 in a report on Friday, February 24th. Finally, TD Securities upped their price objective on Altus Group from C$65.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, February 24th.

Altus Group Stock Up 4.2 %

AIF stock opened at C$58.74 on Friday. The business’s 50-day moving average price is C$57.82 and its 200-day moving average price is C$52.78. The stock has a market cap of C$2.64 billion, a P/E ratio of -2,937.00, a PEG ratio of 0.96 and a beta of 0.84. Altus Group has a twelve month low of C$41.27 and a twelve month high of C$61.60. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 63.04.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Monday, January 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, December 29th. Altus Group’s dividend payout ratio is currently -3,000.00%.

Altus Group Company Profile

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Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.