Altus Group Limited (TSE:AIF) Stock Now Rated “Hold” by Sell-Side Analysts

Altus Group Limited (TSE:AIF) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$55.64.

A number of equities analysts have recently weighed in on the company. ATB Cormark Capital Markets increased their target price on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial increased their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan purchased 15,265 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of C$45.53 per share, with a total value of C$695,015.45. Following the completion of the transaction, the director owned 3,558,335 shares of the company’s stock, valued at C$162,010,992.55. The trade was a 0.43% increase in their position. Also, Director Michael Gordon purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of C$44.36 per share, for a total transaction of C$221,800.00. Following the completion of the acquisition, the director directly owned 46,940 shares of the company’s stock, valued at C$2,082,258.40. This trade represents a 11.92% increase in their position. Over the last ninety days, insiders bought 63,208 shares of company stock valued at $2,865,356. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Stock Performance

Shares of AIF opened at C$48.00 on Tuesday. The firm has a 50-day moving average of C$46.48 and a 200-day moving average of C$45.98. The company has a market cap of C$1.64 billion, a PE ratio of -117.07, a price-to-earnings-growth ratio of 0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30. Altus Group has a one year low of C$36.97 and a one year high of C$60.61.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The firm had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. As a group, equities analysts forecast that Altus Group will post 1.73 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.