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

Shares of Altus Group Limited (TSE:AIF) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$58.14.

A number of equities analysts have commented on the company. National Bank Financial upgraded Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. CIBC reduced their price objective on Altus Group from C$63.00 to C$54.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. National Bankshares lowered Altus Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$74.00 to C$52.00 in a research report on Friday, November 7th. BMO Capital Markets boosted their price target on shares of Altus Group from C$56.00 to C$57.00 in a report on Friday. Finally, Scotiabank lowered their price target on shares of Altus Group from C$63.00 to C$56.00 in a research report on Monday, November 10th.

Altus Group Stock Performance

Altus Group stock opened at C$54.10 on Friday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. Altus Group has a 12 month low of C$43.84 and a 12 month high of C$63.07. The company has a fifty day moving average price of C$56.63 and a two-hundred day moving average price of C$56.18. The company has a market cap of C$2.34 billion, a PE ratio of 6.05, a P/E/G ratio of 0.96 and a beta of 0.68.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. The company had revenue of C$133.32 million for the quarter. Research analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 annualized dividend and a yield of 1.1%. Altus Group’s dividend payout ratio is 6.71%.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan purchased 4,119 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of C$48.85 per share, with a total value of C$201,213.15. Following the completion of the acquisition, the director owned 2,036,564 shares in the company, valued at approximately C$99,486,151.40. This represents a 0.20% increase in their position. Also, Director Michael Gordon acquired 10,290 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of C$50.15 per share, with a total value of C$516,043.50. Following the completion of the acquisition, the director directly owned 16,290 shares in the company, valued at approximately C$816,943.50. This represents a 171.50% increase in their ownership of the stock. Insiders acquired 35,819 shares of company stock worth $1,784,067 in the last 90 days. 4.05% of the stock is owned by company insiders.

About Altus Group

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.