Altus Group Limited (TSE:AIF) Receives C$53.56 Consensus Target Price from Brokerages

Shares of Altus Group Limited (TSE:AIFGet Free Report) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$53.56.

AIF has been the subject of several research reports. TD Securities decreased their target price on Altus Group from C$59.00 to C$55.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. CIBC lifted their target price on Altus Group from C$51.00 to C$53.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Scotiabank boosted their price objective on Altus Group from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 21st. BMO Capital Markets boosted their target price on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Finally, National Bankshares boosted their target price on Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 18th.

Check Out Our Latest Research Report on Altus Group

Altus Group Trading Down 1.3 %

TSE:AIF opened at C$46.78 on Tuesday. The company has a debt-to-equity ratio of 62.20, a quick ratio of 1.30 and a current ratio of 1.50. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 173.26, a PEG ratio of 0.96 and a beta of 0.79. Altus Group has a 1 year low of C$35.29 and a 1 year high of C$54.18. The stock has a fifty day moving average price of C$50.49 and a two-hundred day moving average price of C$46.51.

Altus Group (TSE:AIFGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The business had revenue of C$199.54 million for the quarter, compared to analysts’ expectations of C$198.85 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. As a group, sell-side analysts anticipate that Altus Group will post 1.9806823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 28th. This represents a $0.60 annualized dividend and a yield of 1.28%. Altus Group’s dividend payout ratio (DPR) is presently 222.22%.

Insiders Place Their Bets

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. Company insiders own 4.04% of the company’s stock.

About Altus Group

(Get Free Report

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.

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Analyst Recommendations for Altus Group (TSE:AIF)

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